GBP is under pressure due to Mark Carney’s announcement regarding rising interest rates.
The support rests at 1.39190 with resistance at 1.39560 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 above the signal line in the positive territory. The ADX is not showing any clear signals.
Short positions are recommended toward 1.385.

gbpusd

gbpusd