While GBPUSD is growing up it hit the highest rate around 1.395 and found strong resistance.
The pair is finding support at 1.38500 with resistance at 1.39280 which the weekly pivot point at 1.38000 is located below the lines. The EMA of 10 is moving with bearish bias in the long term ascendant channel and it is above the EMA of 200 and the EMA of 100. The Stochastic is moving in low ranges. The RSI is moving in oversold area and the MACD is moving in negative territory. The ADX is showing sell signal.
The bearish pressure may push the price down towards 1.38000 but then buyers can expect 1.39700.
