GBP/USD

Updated: 15 hours ago
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The British pound surged higher on Monday, crushing the 1.3850-60 resistance.

This has now initiated a squeeze to 1.4060-80, reassess from there.

The U.K. will publish employment-related data on Tuesday.

Viewing the technical assessment, the Relative Strength Index (RSI) 3-day ‘lookback’ indicator holds a positive signal although in overbought territory.

Meanwhile, the Moving Average Convergence Divergence (MACD) has broken above the 0.00 axis, supporting a weak positive signal.

The ADX indicates a ranging signal as it moves sideways.

Levels 1st 2nd 3rd
Resistance 1.4060-80 1.4135 1.4200-50 wide
Support 1.3955 minor 1.3870-85 1.3750-70