GBPUSD analysis for 17.10.2017

Today the UK will publish CPI inflation data and also the BOE Governor Carney makes a speech which will be influential for GBPUSD. The support rests at 1.32070 with resistance at 1.32820 which the weekly pivot point at 1.32310 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signals. Long positions are recommended towards 1.33. https://fxglory.com/gbpusd-analysis-for-17-10-2017/