GBPUSD analysis for 04.02.2019
While USD is being empowered by the positive economic data, Brexit has no influence on GBPUSD.
The support rests at 1.30460 with resistance at 1.30950 which both lines are below the weekly pivot point at 1.31130. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA 100 and the EMA of 200. The RSI is moving on 50 level and the Stochastic is moving in middle ranges. The MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
GBPUSD will be fluctuating within the lower and upper Bollinger bands. The support level breakthrough may push the price down towards 1.29 area.