Lack of economic data has kept GBP unchanged however, USD is getting weak.
The support rests at 1.38340 with resistance at 1.39030 the weekly pivot point at 1.38590 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is showing downward momentum and MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
While there will be pullbacks on the way, GBPUSD will grow towards 1.40.

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