GBP/USD is now attempting to break above the 1.37 level, as the US dollar is losing strength versus a wide range of currencies.
In this case, support is found at 1.37050, while the resistance is found at 1.37170. Below the price line, at 1.37120, 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 in the overbought zone. The RSI is moving above the level of 70 and the ADX is showing an upward movement. The MACD histogram is in positive territory with the rising signals

• There is resistance at 1.37170, followed by resistance at 1.37240 and 1.37290.
• There is support at 1.37050. Below, there is 1.37000and 1.36930.

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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