T Analysis

GBPUSD analysis for 06.08.2020

GBP was supported by UK’s Services Sector Activity data.
The support rests at 1.30860 with resistance at 1.32160 which both lines are above the weekly pivot point at 1.30110. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal.
GBPUSD is growing towards 1.32200.

gbpusd
Source: fxglory