Technical Analysis Report - GBP/USD
29/09/2016 // 07:44:21 am
Pound was weighed by Shafik’s dovish comments (the BOE deputy) as the deputy believed more stimulus may be required in the nearest time.
There is continuous effort to grow the currency but was stopped by the bearish 50-EMA. The price is struggling with the 50-EMA to grow further. The 50, 100 and 200 EMAs maintained their decline. The current resistance is seen at 1.3000, the support exists at 1.2900.
MACD continues to remain in a negative territory. MACD grew which indicates the sellers’ positions weakening. RSI is moving towards the overbought area.
Our analysts believe the pair remains bearish, for a decline towards 1.2950 support zone.
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
27/09/2016 // 10:26:19 am
The yen strengthened as a safe asset amid a risk aversion. The BoJ chie