Despite GBP growth, there are no major economic reports in the UK to support this.
The support rests at 1.25640 with resistance at 1.26520 which both lines are above the weekly pivot point at 1.23030. 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 in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD is growing within the ascendant channel targeting the previous high at 1.26450.