USD has been falling down probably due to the Fed’s rate hike issue. Today the UK will release Manufacturing PMI data.
The support rests at 1.31820 with resistance at 1.32520 which both lines are above the weekly pivot point at 1.30920. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally in the overbought area, the Stochastic is moving in high ranges and MACD indicator is in positive territory. The ADX is showing buy signals.
Long positions are recommended targeting 1.3450.

gbpusd analysis