The 20 EMA around 1.35300 is acting as a support for the GBP/USD exchange rate. If the GBP/USD pair falls below this level, the 50-day exponential moving average (EMA) at 1.35100 will serve as the next support level. The closest level of resistance for GBP/USD on the upside is around 1.35500. If GBP/USD manages to re-establish itself above this level, it will gain extra impetus and proceed for the next level of resistance.
In this case, support is found at 1.35430, while the resistance is found at 1.35880. Below the price line, at 1.35580, is the pivot point. To put it simply, the EMA of 10 is moving upward above the EMA of 200 and the EMA of 100 which are both moving at the same direction. Stochastic is moving toward the overbought zone. The RSI is moving near the level of 70 and the ADX is not showing a clear signal. The MACD histogram is in positive territory with the rising signals.

• There is resistance at 1.35880, followed by resistance at 1.36030 and 1.36330.
• There is support at 1.35430. Below, there is 1.35130 and 1.34980.

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.

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