GBPUSD is moving slowly since there are no major reports worldwide, however, the UK is releasing Manufacturing PMI and the US is releasing ISM Manufacturing data.
The support rests at 1.29840 with resistance at 1.30140 which both lines are above the weekly pivot point at 1.29200. The EMA of 10 is moving with bullish bias along 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 showing downward momentum and MACD indicator is in positive territory. The ADX is not showing any clear signals.
Short positions are recommended targeting 1.2923.

gbpusd analysis