Tuesday, November 21, 2017

GBPUSD analysis for 21.11.2017

The UK inflation report will be published soon while GBPUSD will be under the influence of the issues over Germany coalition and Brexit. The support rests at 1.32380 with resistance at 1.32640 which both lines are above the weekly pivot point at 1.31770. 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 above the 50 level, the Stochastic is moving in middle ranges and MACD line is above the signal line in the positive territory. The ADX is showing buy signals. The price is getting close to the upper Bollinger band which indicates the pullbacks on the way; however the bullish trend towards 1.35 area is the most probable scenario. https://fxglory.com/gbpusd-analysis-for-21-11-2017/

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