Exchange rate still is above the moving averages with periods of 34, 55, 89 and 144, which are directed upward and points to the continued bullish sentiment, as well as the next support levels are 1.6130, 1.6040, 1.6000 and 1.5875.MACD histogram is located in the positive zone and below its signal line, but once again began to rise gradually, and thus indicates the incremental bullish.
Stochastic Oscillator is in the neutral zone and generates a signal to buy GBP / USD, since 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 1.6170/80, which will open the path to levels of 1.6240/50 and 1.6275.
Resistance levels: 1.6150, 1.6170/80, 1.6200/10, 1.6240/50, 1.6275, 1.6300
Current Price: 1.6147
Support levels: 1.6110/00, 1.6080, 1.6060/50, 1.6010/1.5990, 1.5970, 1.5950/40
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