GBPUSD

The GBP/USD pair is unchanged for a second consecutive day, unable to attract buying interest despite the broad dollar’s weakness. The 4-hour chart shows that the pair has been confined between moving averages, currently pressuring a mildly bullish 20 SMA while meeting sellers around a flat 200 SMA. Technical indicators have turned south, with the Momentum heading firmly lower and nearing its 100 level and the RSI stable around 51, skewing the risk to the downside without confirming it.

Support levels: 1.3725 1.3680 1.3630

Resistance levels: 1.3800 1.3845 1.3890