GBPUSD analysis for 15.10.2020
Lack of economic reports in the UK put GBP under pressure.
The support rests at 1.28960 with resistance at 1.30380 which the weekly pivot point at 1.29820 is located in between the lines. 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 falling towards level 50, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
GBPUSD is trying to hit the upper Bollinger band at 1.31000.