GBPUSD is growing in a stable manner and last week it had a growth of 80 points. There were no major economic reports yesterday but today the UK will release a report on business activity in the services sector.
The pair is finding support at 1.36290 with resistance at 1.37140 which the weekly pivot point at 1.36890 is located in between the lines. The EMA of 10 is moving with bearish bias in the long term ascendant channel and it is above the EMA of 200 and the EMA of 100. The Stochastic is showing upward momentum. The RSI is moving below level 50 and the MACD is moving in negative territory. The ADX is showing sell signal.
The support line seems too strong to be broken, the bulls may push the price up towards 1.37500.