The dollar was down on Thursday morning in Asia, remaining around a two-week low. The U.S. currency was weighed down by the latest insistence from U.S. Federal Reserve Chairman Jerome Powell that interest rate hikes are not forthcoming.

The GBPUSD pair moved up above the main support level of 1.3883. As long as the price trades above 1.3883 on a four-hourly basis, we will see 1.4005 as the resistance level. Otherwise, if the pair drops below 1.3883, we will follow the next support level at 1.3784.

Support : 1.3883 - 1.3784 - 1.3688

Resistance : 1.4005 - 1.4329

29 Jul 21 (Thu)

05:43 am