GBPUSD long view

Looking at the chart on the daily time frame, we see that the pair has stayed above the MA200, a simple moving average and that we are now testing the MA20. Here, the level at 1.38000 is important to us now, as a potential resistance to 1.39000, a place of previous instability, and 1.40000 is still our psychological target. Retreating below the MA200 will return the bias to negative territory with a view on the previous low around 1.36000 and psychological support at 1.35000.