GBPUSD declined yesterday and today there are no major economic reports in the UK.
The pair is finding support at 1.36620 with resistance at 1.37160 which the weekly pivot point at 1.36490 is located below the lines. The EMA of 10 is moving horizontally in the long term ascendant channel and it is above the EMA of 200 and the EMA of 100. The Stochastic is showing downward momentum. The RSI is moving on level 50 and the MACD is moving in neutral territory. The ADX is showing sell signal.
Sellers can target the lower Bollinger band at 1.36400 and then buyers can return to the market.
