Technical Outlook GBPUSD 07.09.2017

Technical Outlook GBPUSD 07.09.2017

GBPUSD extends advance; strong bullish signal on probe above daily cloud

Fresh bullish acceleration in European session broke above key barriers provided by daily cloud top and Fibo 61.8% of 1.3268/1.2773 descend, generating strong bullish signal.
Bulls are pressuring round-figure barrier at 1.3100 and may extend to 1.3151 (Fibo 76.4%), with close above 1.3080 required to confirm.
Hourly 10/20SMA / Tenkan-sen/Kijun-sen bull-crosses at 1.3050 underpin the action and offer solid supports.

Res: 1.3100; 1.3151; 1.3164; 1.3200
Sup: 1.3080; 1.3050; 1.3020; 1.3000