GBPUSD Analysis | FX | Currency Trading Online | PhillipCapital UK News | Cable
11 October

GBPUSD Analysis | FX | Currency Trading Online | PhillipCapital UK News | Cable

Technical Chart pick of the day: GBPUSD – Bullish

 

· On a technical perspective, the trend is bullish, with prices above the 20, 40, 100 and 200 EMA.

· Bullish crossover formed, with the 20 and 40 EMA crossing the 200 EMA. This indicates that buying strength is present.

· Based on the pivot point analysis, prices are above the pivot level. This signifies bullishness.

 

Resistance: R1: 1.25356, R2: 1.26347, R3: 1.29008

Support:     S1: 1.22695, S2: 1.21025, S3: 1.18364

 

GBPUSD

 

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