GBPUSD analysis for 15.12.2017

The Brexit talks are supporting GBP and the USD is also supported by the economic reports. The support rests at 1.33450 with resistance at 1.34540 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 falling towards the 50 level, the Stochastic is showing upward momentum and MACD line is above the signal line in the positive territory. The ADX is showing weak buy signals. Long positions are recommended towards 1.35. https://fxglory.com/gbpusd-analysis-for-15-12-2017/