Meanwhile, the US dollar strengthens versus a wide basket of currencies, with GBP/USD presently attempting to settle down below the support level of 1.3460 With the 96.25 barrier broken, the USDX is now attempting to test the next resistance level at 96.50. GBP/USD is likely to fall if this effort is successful.
In this case, support is found at 1.34610, while the resistance is found at 1.34790. Below the price line, at 1.34710, is the pivot point. To put it simply, the EMA of 10 is moving horizontally above the EMA of 200 and the EMA of 100 which are moving upward. Stochastic is moving toward the overbought area. The RSI is moving at the level of 50 and the ADX is showing an upward movement. The MACD histogram is in negative territory and showing a sell signal.

• There is resistance at 1.34790, followed by resistance at 1.34890 and 1.34970.
• There is support at 1.34610. Below, there is 1.34530 and 1.34430.

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.