British Pound Will Move Up Against the U.S. Dollar

The British Pound has been challenging strong resistance with increasing volume . Looking at the chart long term, weekly time frame, I am getting signals telling me that it might move up against the U.S. Dollar, here is why:

• Now trading above EMA10 and EMA50.
  
• Hitting higher lows since October 2018.
  
• Increasing bullish volume .
  
• Bullish RSI .
  
• MACD trending up and entering the bullish zone.
  

Looking at the U.S. indexes, such as the SPX , can support the findings on this chart.

You can see my latest analysis here:
Russell2000 (RUT):
Conditions for change: If the October 2018 low is taken out, then this analysis would become invalid and a new one is needed.

Feel free to hit like to show your support.

Thanks a lot for reading.

Namaste.