Pound vs US Dollar daily market analysis (29.06.2017)
Technical
Currently trading above 50 EMA
Stochastic : Trading at over bought area
Yesterday's High and Lows: High: 1.2871 low: 1.2793
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Daily Fibonacci: pivot point: 1.1900
Support1: 1.2790 Resistance1: 1.3011
support2: 1.2722 Resistance2: 1.3080
support3: 1.2654 Resistance3: 1.3130
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Pattern: Double bottom emerging up trend pattern
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Suggestion: Will be looking for a SELL when the market shows on one of the bearish pattern, break below 50 EMA
and when consolidates below 50 EMA
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Fundamentals
Economic calendar: USA GDP NEWS
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Currently trading above 50 EMA
Stochastic : Trading at over bought area
Yesterday's High and Lows: High: 1.2871 low: 1.2793
===========================================================================
Daily Fibonacci: pivot point: 1.1900
Support1: 1.2790 Resistance1: 1.3011
support2: 1.2722 Resistance2: 1.3080
support3: 1.2654 Resistance3: 1.3130
===========================================================================
Pattern: Double bottom emerging up trend pattern
================================================================================
Suggestion: Will be looking for a SELL when the market shows on one of the bearish pattern, break below 50 EMA
and when consolidates below 50 EMA
================================================================================
Fundamentals
Economic calendar: USA GDP NEWS
=====================================