GPB/USD Weekly Technical Report 5/10/2015
ecPulse
2015-10-05 11:08AM UTC
GBPUSD inclined during the Asian session, but the inclines remains trapped below SMA50 at 1.5220 where the pair meets 88.6% Fibonacci.
ADX reading is positive, but that doesn’t affirm the bullishness, as we need to witness a stable move above this level.
Since the pair is trapped between moving averages, we will be neutral and will update in the proper time.
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