Exchange rate still is above the moving averages with periods of 55, 34, 89 and 144, which are directed upward and points to the continued bullish sentiment, as well as levels of support are 1.6085/80 and 1.6025.MACD histogram is the positive zone and above its signal line, continues to gradually rise, and thus sends a signal to buy GBP / USD.
Stochastic Oscillator is in the overbought zone and generates a similar signal as the% K line rises above the% D.
Therefore, as a confirmation of what the forex market in this currency pair may be amplified in bullish sentiment, we can only wait for the breakdown of the resistance level of 1.6190, which will open the path to levels of 1.6240/50 and 1.6275 (local max).
Resistance levels: 1.6190, 1.6240/50, 1.6275
Current Price: 1.6178
Support levels: 1.6150, 1.6110/00, 1.6085/80
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