GBP was empowered by UK’s GfK Consumer Confidence. Today eyes will be on UK’s Markit services PMI.
The support rests at 1.24410 with resistance at 1.24860 which both lines are above the weekly pivot point at 1.23980. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising above level 50, the Stochastic is moving in low ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The indicators are showing mixed signals. GBPUSD is most probably falling down towards 1.23500 and then it will grow again.