Technical Analysis Report - GBP/USD
05/09/2016 // 05:48:24 am
The pound gained a strong position in the market supported by positive Manufacturing PMI in the UK.
The currency pair GBP/USD rose on the market based on positive statistics and grew from the session lows at 1.3130 to the daily highs at 1.3270. The instrument moved closer to the 1.3360 at the start of the North American session.
The price breached the 200-EMA in the 4 hours chart. The current resistance is observed at 1.3360, the support stands at 1.3200.
MACD grew which indicates the weakening positions of the sellers. RSI moved closer to the overbought area.
if the price remains above 1.3200 the uptrend pressure will continue towards 1.3360. Else, the price decline to1.3200 and further below 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