There has been no change in GBP/efforts USD’s to break below the 1.3375 support level, as the US dollar has remained mostly unchanged versus other major currencies. The US Dollar Index has failed to break over the 96.50 level of resistance. It’s possible that the US Dollar Index may rise over this level, which would be bad news for the GBP/USD currency pair.
The support rests at 1.33710 with resistance at 1.35040. The pivot point at 1.33770 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 overbought area. The RSI is moving under the level of 50 and the ADX is not showing a clear signal. The MACD histogram is in negative territory and showing a sell signal.

• There is resistance at 1.33850, followed by resistance at 1.33910 and 1.33990.
• There is support at 1.33710. Below, there is 1.33630 and 1.33570.

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.

analysisgbp