GBPUSD analysis for 17.11.2017

Despite the weak economic reports in the UK, GBP has been moving strongly against the weak USD. The support rests at 1.32130 with resistance at 1.32510 which both lines are above the weekly pivot point at 1.31590. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended towards 1.333. https://fxglory.com/gbpusd-analysis-for-17-11-2017/