Friday, January 26, 2018

GBPUSD analysis for 26.01.2018

The US Treasury Secretary comments supported GBP against the weak USD. The support rests at 1.41520 with resistance at 1.42840 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 rising towards the overbought area, the Stochastic is showing upward momentum and MACD line is below the signal line in the negative territory. The ADX is showing buy signal. Long positions are recommended towards the upper Bollinger band 1.44.

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