GBPUSD

The GBP/USD pair could keep advancing in the upcoming sessions, as it consolidates just below the 1.3900 figure. In the 4-hour chart, the pair has advanced above all of its moving averages for the first time since mid-May, with the 200 SMA still heading lower and providing mild support at around 1.3860. The Momentum indicator is retreating from its daily high while the RSI consolidates near overbought readings, maintaining the risk skewed to the upside.

Support levels: 1.3860 1.3806 1.3760

Resistance levels: 1.3930 1.3980 1.4025