GBPUSD is under the influence of Fed’s decision and U.S. Presidential Debates. The support rests at 1.29260 with resistance at 1.30140 which both lines are below the weekly pivot point at 1.31240. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100. The RSI is moving below the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. Short positions are recommended with the target at 1.2900.
GBPUSD analysis for 27.09.2016
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