Article taken from: finance.yahoo.com
British Pound Is Mostly Flat Against U.S. Dollar GBP/USD is currently testing the resistance level at 1.3950 while the U.S. dollar is gaining some ground against a broad basket of currencies. The U.S. Dollar Index received support near the 50 EMA at 90.70 and is moving towards the resistance at 90.90. If the U.S. Dollar Index manages to settle above this level, it will head towards the next resistance at 91.10 which will be bearish for GBP/USD. […] Technical Analysis GBP/USD managed to settle above the resistance at the 20 EMA at 1.3930 and is trying to settle above the next resistance level at 1.3950. If this attempt is successful, GBP/USD will move towards the next resistance level which is located at 1.3980.
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