GBP/USD Increasing

GBP/USD is upward oriented. The technicals remain positive. Hourly support is given at a distance of 1.3458 (11/01/2018 low) while strong resistance at 1.3940 (17/01/2018 high) is being monitored.

The long-term technical pattern is reversing. The Brexit vote had paved the way for further decline but the pair is now moving upward. A long-term support given at 1.1841 (07/10/2017 low) and a strong resistance at 1.5018 (24/06/2016 high) are identified

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