GBP/USD - Climbed Higher and Hit Our Suggested Target at 1.3030 - 09/06/2017 (GMT)

During Tuesday’s trading period, the GBP/USD pair had a successful upward attempt and surpass the 1.2980 strong barrier. Sterling rose 0.8% versus the greenback and hit our recommended target at 1.3030 (see technical analysis here: http://bit.ly/2eBkIrl). Also, the price jumped above the 50 and 100 day SMAs, while is now trading above 1.3030. If the price continues rising, it may jump higher at 1.3270. On the other side, in case of a strong fall below 1.2980 will meet 1.2855.

On the daily timeframe, the RSI indicator climbed above the 50 level with strong momentum on yesterday’s session but currently is flattening. The MACD oscillator is rising with weak move near its zero line, while the stochastic oscillator inserts into the overbought zone.