Wednesday, January 24, 2018

GBPUSD analysis for 24.01.2018

The Brexit is supporting GBP against the weak USD. The support rests at 1.39970 with resistance at 1.40830 which both lines are above the weekly pivot point at 1.38390. 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. GBPUSD will continue its bullish trend targeting 1.415.

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