Technical Analysis Report - GBP/USD
05/08/2016 // 05:03:43 am
For the first time since Brexit referendum, the sterling displayed a sharp fall following the BoE’s decision to cut the basis rate by 0.25% and to start the bond buying program.
The Sterling lost about 1.60% during the course of the day. The current resistance is observed at 1.3300, the support lies at 1.3100.
MACD displays a divergence suggesting a change in the trend in near future. RSI moved close to the oversold zone.
The instrument bounced from the 200-EMA and fell in the 4-hours chart. The pair breached the 100 and 50 Day EMAs on its way.
The pair is expected to touch the 1.3100 support break and then will fall to the next level of 1.2900.
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