Despite the US yields rising data, USD went under pressure. While the pound remains empowered due to the UK’s prompt vaccination, Boris Johnson is planning to lower the quarantine.
The pair is finding support at 1.39990 with resistance at 1.41050 which the weekly pivot point at 1.39570 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 moving in high ranges. The RSI is moving in overbought area and the MACD is moving in positive territory. The ADX is showing buy signal.
The bullish pressure remains so buyers can target the upper Bollinger band at 1.41200.