Article taken from: finance.yahoo.com
British Pound Moves Higher Against U.S. Dollar GBP/USD is trying to settle back above 1.3600 while the U.S. dollar is losing some ground against a broad basket of currencies. Yesterday, the U.S. Dollar Index made an attempt to settle above the resistance at the 50 EMA at 90.95 but failed to develop sufficient upside momentum and pulled back. Currently, the U.S. Dollar Index is trying to settle below the nearest support level at 90.70. If this attempt is successful, the U.S. Dollar Index will move towards the next support level at 90.50 which will be bullish for GBP/USD. […] Technical Analysis GBP/USD failed to settle below the 20 EMA at 1.3575 and is trying to settle back above 1.3600.
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