GBPUSD could gather momentum to be now in a higher place above its daily SMA50, after bouncing up below this average at 1.3888 last Friday.
While the pair remains underpinned over longer range by continued being above its daily SMA100 and also its daily SMA200.
GBPUSD is now on its fifth day of consecutive being above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.3749.
GBPUSD could overcome last Feb. 26 high of 1.4069 by reaching today 1.4088, but is still below its formed resistance on last Feb. 16 at 1.4145 which drove the pair down to have a lower low at 1.3711 on Mar. 1.
GBPUSD daily RSI-14 is now referring to higher existence inside the neutral region reading 59.330.
GBPUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the neutral area at 69.746 leading to the downside its signal line which is in the same area reading 74.848.
Important levels: Daily SMA50 @ 1.3924, Daily SMA100 @ 1.3626 and Daily SMA200 @ 1.3341
S&R:
S1: 1.3888
S2: 1.3711
S3: 1.3457
R1: 1.4145
R2: 1.4277
R3: 1.4343
Have a good day
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din
While the pair remains underpinned over longer range by continued being above its daily SMA100 and also its daily SMA200.
GBPUSD is now on its fifth day of consecutive being above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.3749.
GBPUSD could overcome last Feb. 26 high of 1.4069 by reaching today 1.4088, but is still below its formed resistance on last Feb. 16 at 1.4145 which drove the pair down to have a lower low at 1.3711 on Mar. 1.
GBPUSD daily RSI-14 is now referring to higher existence inside the neutral region reading 59.330.
GBPUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the neutral area at 69.746 leading to the downside its signal line which is in the same area reading 74.848.
Important levels: Daily SMA50 @ 1.3924, Daily SMA100 @ 1.3626 and Daily SMA200 @ 1.3341
S&R:
S1: 1.3888
S2: 1.3711
S3: 1.3457
R1: 1.4145
R2: 1.4277
R3: 1.4343
Have a good day
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din
