GBP is getting empowered with no clear reason. Traders are showing no interest in buying USD.
The pair is finding support at 1.36250 with resistance at 1.37300 which the weekly pivot point at 1.35820 is located below the lines. The EMA of 10 is moving with bullish bias in the long term ascendant channel and it is above the EMA of 200 and the EMA of 100. The Stochastic is showing upward momentum. The RSI is moving in overbought area and the MACD is moving in positive territory. The ADX is showing buy signal.
As long as the GBP bulls are controlling the chart, buyers can target 1.37400.