At one point during Tuesday’s trading session, the British pound was up against the dollar, but then fell against it again. To the upside, the EMA 200 is located around the 1.37 handle if we are able to close the trading session on Tuesday above the top of the candlestick. It can be say the market is still overbought at this point; therefore, we will gain up negative momentum throughout the downturn.
The support rests at 1.36200 with resistance at 1.36320. The pivot point at 1.36280 is located above the price line. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below EMA of 200 and the EMA of 100 and reaching the EMA100. Stochastic is moving toward the oversold area. The RSI is moving in high ranges and the ADX has a downward movement. The MACD histogram is in positive territory and generating a sell signal.

• There is resistance at 1.36320, followed by resistance at 1.36400and 1.36440.
• There is support at 1.36200. Below, there is 1.36160 and 1.36080.

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.