By: Doug Rosen
Starting off with the weekly chart it appears that the GBP has picked up strength and the stochastic is in the overbought zone trying to cross up.
On the daily chart price is riding the 5 ema and the upper Bollinger band is pointing up. On the 4 hour chart price is coming off the 21 ema and bouncing up just a bit.
On the hourly chart price is bouncing off the fib level between the 38.2 and 50.0 which overlaps with the hourly 55 ema and daily central pivot point.
Finally, on the 15 minute chart the stochastic is in the overbought zone pointing up. I expect this pair to be bullish today.