The British pound and the U.S. dollar dropped sharply on Friday, providing a chance to enter short bets. Investors were unable to take advantage of the MACD indicator since it was far from zero. A decrease would therefore be a safe bet to make.
The support rests at 1.36580 with resistance at 1.36840. The pivot point at 1.36660 is located above the price line. The EMA of 10 is moving with bearish bias in the descendant channel and it is below EMA of 200 and the EMA of 100. Stochastic is moving toward the level of 50. The RSI is moving in oversold area and the ADX is moving horizontally and not showing a clear signal. The MACD histogram is in negative territory.

• There is resistance at 1.36840, followed by resistance at 1.36920 and 1.37100.
• There is support at 1.36580. Below, there is 1.36400 and 1.36320.

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.

gbpp analysis