GBP has been empowered by UK’s BRC Shop Price Index.
The support rests at 1.30280 with resistance at 1.30510 which both lines are above the weekly pivot point at 1.29340. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA 100 and the EMA of 200. The RSI is moving in overbought area and the Stochastic is moving in high ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD is in upper Bollinger band which confirms the bullish trend. Long positions are recommended towards 1.31000.