GBPUSD analysis for 11.12.2017

GBP has been under pressure due to the Brexit issue however, the pressure will be removed once the final result is being announced. USD was also empowered by the strong NFP data. The support rests at 1.33790 with resistance at 1.34800 which the weekly pivot point at 1.34110 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below the 50 level, the Stochastic is moving in low ranges and MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. It seems that GBPUSD will continue its bullish trend towards 1.3541. https://fxglory.com/gbpusd-analysis-for-11-12-2017/