Today BOE’s Bailey comments will be concerning over “Economic impact of coronavirus.” There will be FOMC Members’ talks in the US.
The support rests at 1.33330 with resistance at 1.34210 which both lines are above the weekly pivot point at 1.32540. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
Considering the USD empowerment, GBPUSD may decline towards the lower Bollinger band at 1.32500 but the main trend remains bullish.