Wednesday, January 3, 2018

GBPUSD analysis for 03.01.2018

Despite the weak economic reports in the UK, GBPUSD has been growing up. The support rests at 1.35750 with resistance at 1.36180 which both lines are above the weekly pivot point at 1.34640. 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 in overbought area, the Stochastic is showing upward momentum and MACD line is above the signal line in the positive territory. The ADX is showing buy signal. Long positions are recommended towards 1.365.

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