Manufacturing PMI in the UK supported the GBPUSD. The support rests at 1.32610 with resistance at 1.33010 which both lines are below the monthly pivot point at 1.31470. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 100. The RSI is moving on overbought area, the Stochastic is showing downward momentum and the MACD indicator is in positive territory showing the price growth. The 1.33 level seems to be such a strong resistance zone, sellers can target 1.32 area at the moment.
GBPUSD analysis for 02.09.2016
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