The upcoming macroeconomic reports today will affect investor sentiment. GBP/USD settled above the resistance at 1.4200. Long position is luckier.
The support rests at 1.41640 with resistance at 1.42460. The pivot point at 1.42360 is located above the price line. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above EMA of 200 and the EMA of 100. Stochastic is moving above the level of 50 and generated a crossover sell signal. The RSI is moving in overbought area and the ADX is moving horizontally and not showing a clear signal. The MACD histogram is in positive territory.

• There is resistance at 1.42460, followed by resistance at 1.42580 and 1.42680.
• There is support at 1.41640. Below, there is 1.41370 and 1.40980.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

gbusd analysis