The UK released business activity in the manufacturing sector which came lower than expected.
The support rests at 1.28510 with resistance at 1.29690 which both lines are above the weekly pivot point at 1.27950. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is rising above level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
GBPUSD is trying to hit the previous high at 1.30000.
