Technical Analysis Report - GBP/USD
10/08/2016 // 04:54:46 am
The pound lost its grip and fell to the fresh monthly lows against the dollar because of gloomy Production data in the country.
The mood of the market is down at the moment and the pound continued to decline. The session low was marked at 1.2954. The current resistance is seen observed 1.3100, the support stands at 1.2900.
The indicators, MACD and RSI are generating a sell signal.
In the 1-hr chart, we can see the 100-EMA is approaching the 200-EMA, generating a sell signal. The price is approaching the 50-EMA which acts as a resistance for the instrument.
The next target for the sellers is the 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