UK’s Net Consumer Credit fell to its slowest rate since 2014. Today UK Markit/CIPS Manufacturing PMI will be released.
The support rests at 1.26200 with resistance at 1.26680 which the weekly pivot point at 1.26470 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA 100 and the EMA of 200. The RSI is moving on 50 level and the Stochastic is moving in high ranges. The MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
GBPUSD may grow towards 1.27000 but long term bearish trend continues towards 1.25500.
