There are no major reports in the UK to support GBP against the growing USD.
The support rests at 1.37710 with resistance at 1.39000. The weekly pivot point at 1.38750 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The Stochastic is showing upward momentum, the RSI is rising towards level 50 and the ADX is showing buy signal. The MACD indicator is in positive territory.
The resistance level breakout will push the price up towards the upper Bollinger band at 1.39500; otherwise the bearish pressure will drag the price towards 1.37400.