The Pound finished the week with a decline.
The support rests at 1.37910 with resistance at 1.38760. The weekly pivot point at 1.38910 is located above the lines. The EMA of 10 is falling down in the horizontal channel and it is above the EMA of 200 and below the EMA of 100. The Stochastic is moving in low ranges, the RSI is moving below level 50 and the ADX is showing sell signal. The MACD indicator is in negative territory.
The support level breakthrough may push the price down towards 1.37500; otherwise buyers can target the upper Bollinger band at 1.39800.
