GBPUSD has been under the influence of Fed’s decision regarding the rate hikes.
The support rests at 1.33470 with resistance at 1.34190 which both lines are below the weekly pivot point at 1.35300. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and MACD indicator is in negative territory. The ADX is showing sell signals.
The support area seems to be too strong to be broken, so GBPUSD will continue its bullish trend in the ascendant channel targeting 1.35.

gbpusd analysis

gbpusd