GPB/USD Weekly Technical Report 8/2/2016
ecPulse
2016-02-08 11:49AM UTC
GBPUSD has inclines with the opening of the European session, trading above 1.4525 zone and that means traders are taking out moving averages.
a
ADX shows positive crossover, while RSI stabilizes above 50.00 levels, which offer positive signals that may extend the bullishness.
As far as 1.4435-SMA50- holds, we will be bullish on GBPUSD pair.
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