Technical Analysis for GBP/USD: May 26, 2016
The decreasing doubts regarding the result of the referendum cause the pound to come nearly to its high for the week. The volume of Brexit opponents is 55% against 42% who want to exit the EU, according to the recent poll.
The first support occurs at 1.4670 and at 1.4560 subsequently. The first resistance stands at 1.4760 and at 1.4880 subsequently.
An inveterate and a solid buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chinkou Span. The Tenkan-sen ascends in movement and the Kijun-sen displays a horizontal movement creating a "Golden Cross". This activity will remain until the price is over the Cloud.
The MACD indicator is in a positive location. The price is growing.
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