PM May’s offer regarding a compromise over Brexit gave some support to GBP.
The support rests at 1.31110 with resistance at 1.31790 which both lines are above the weekly pivot point at 1.30940. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA 200 and the EMA of 100. The RSI is rising towards overbought area and the Stochastic is showing upward momentum. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Long positions are recommended towards 1.32300.
