The US reports yesterday did not empower USD and it gave support to GBP.
The support rests at 1.39160 with resistance at 1.39980. The weekly pivot point at 1.38750 is located below the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The Stochastic is moving in high ranges, the RSI is moving in overbought area and the ADX is showing buy signal. The MACD indicator is in positive territory.
Before the release of the US reports, the bullish trend will continue targeting level 61.8 of Fibonacci at 1.40600.

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