GBP fell after the UK referendum and the USD is affected by Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. Early this morning GBPUSD fell to 1.32230 but it is trying to rise back again. The support rests at 1.28760 with resistance at 1.42220 which both lines are below the weekly pivot point at 1.42760. The EMA of 10 is meeting the EMA of 75 and both are falling towards the pivot point. The RSI has already passed the oversold area and is climbing up, the MACD indicator is in positive territory and the Stochastic has reached its bottom and will rise again. The pair is climbing up however there might be pullbacks on the way, the target is 1.4400.
GBPUSD analysis for 24.06.2016
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