GBP is moving strongly against USD as polls are suggesting UK Conservative party’s victory in the elections.
The support rests at 1.29420 with resistance at 1.30230 which both lines are above the weekly pivot point at 1.28660. 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 middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD is moving in a tight ranges targeting the previous high at 1.30050.
