GBP has been falling against USD but at the end of the day showed some strength. There have been no major influential economic factors in the US and the UK.
The support rests at 1.37370 with resistance at 1.38390. The weekly pivot point at 1.38910 is located above the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The Stochastic is moving in high ranges, the RSI is moving on level 50 and the ADX is showing buy signal. The MACD indicator is in positive territory.
Considering the bullish momentum, buyers can target 1.38500.
