The UK’s consumer credit grew more than expected and today traders will await UK’s Markit manufacturing PMI.
The support rests at 1.28970 with resistance at 1.29310 which the weekly pivot point at 1.29030 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
GBPUSD may continue its growth towards 1.29500.