Sep 17 2018

Sterling (GBP) is on continuation to rise

Where we have seen prices of Pound started recovering From 1.2661 and reached the level of 1.3093. At this current point of time, The forecast of Prices of Sterling will continue to rise in terms of Technical Chart seems to test 1.3300 & 1.3500 as per the current price structure. We have already seen Death Crossover and it is the good time to retest 200 MVA.

Inverted Head & Shoulder was formed and after that there is a neckline breakout at 1.3020, It is a Indication that Prices will move higher.

Here we see in MACD, MACD line and signal line is heading upside parallel and crossing 0 line Which is a very Positive Sign for prices to move further. If we talk about RSI which is 60.92 and still supporting upside movement.

On the other hand, ADX is also supporting this uptrend movement.