GBP has been acting weak against USD in the past 24 hours but it grew a bit in the Asian session. Now eyes are on BoE Deputy Gov Woods Speech.
The support rests at 1.39040 with resistance at 1.39680 which both lines are below the weekly pivot point at 1.41240. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
Short positions are recommended towards 1.3852.

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