This week the pound gives me the impression of being continuing its upward trend, despite the fact that the dollar index shows a profit starting the day, I don't feel safe going against the recent trend formed.
I assume that the lack of relevant data during the week and awaiting Mamma Yellen speak until Friday, the pound will be horny these days.
Recent pound came out of oversold last week, and I think that the trend will remain a few days more, until samples happens to the FED are given, or that we continue like a good thriller.
RSI (50)
It is above the level of 50, for overselling I reach down 3 points below 50.
Stochastic (10,50,9)
not reach the level of 40 for oversold and signs of buying into position
S1 1.30244
S2 1.29691
S3 1.29414
R1 1.30878
R2 1.31700
R3 1.32517
I assume that the lack of relevant data during the week and awaiting Mamma Yellen speak until Friday, the pound will be horny these days.
Recent pound came out of oversold last week, and I think that the trend will remain a few days more, until samples happens to the FED are given, or that we continue like a good thriller.
RSI (50)
It is above the level of 50, for overselling I reach down 3 points below 50.
Stochastic (10,50,9)
not reach the level of 40 for oversold and signs of buying into position
S1 1.30244
S2 1.29691
S3 1.29414
R1 1.30878
R2 1.31700
R3 1.32517