Technical Analysis Report - GBP/USD
04/08/2016 // 06:13:09 am
Services PMI weakened the pound though the results met the anticipation of the traders.
The instrument continued to move closer to the local peaks. The price moved around the level 1.3300. The current resistance is observed at 1.3500, the support stands at 1.3300.
MACD is in the positive territory. The fall in MACD decreased displays the weakening positions of the buyers. RSI left the oversold area.
In the 4-hours chart, the price traded below the 200-EMA. The 200-EMA is acting as a resistance barrier. The 50, 100 and 200 EMAs are neutral.
The pair looks gloom and may move below 1.3300. In this scenario, sellers will push the pair down to 1.3100.
29/09/2016 // 07:44:21 am
Pound was weighed by Shafik’s dovish comments (the BOE deputy) as
29/09/2016 // 07:41:12 am
On wednesday, the US currency dollar rose because of profit fixati
27/09/2016 // 10:33:13 am
The dollar remained under pressure against its major rivals as stocks