We can see the GBPUSD is moving above EMA 100 and 200 in the 4H time frame. It seems that the GBPUSD attempts to stay above the residence 1.3911, and if the movement consolidates above 1.3911, it is probable to have a bullish steam.
As long as having the movement above EMA 200, the British pound remain in its bullish bias. Being precise with the indicators, there could be an upward trend towards 1.40 level.
• There is resistance at 1.3911, followed by resistance at 1.3924 and 1.3937.
• There is support at 1.3885. Below, there is 1.3872 and 1.3859.
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