There will be BRC Retail Sales Monitor’s talk in the UK today and the US will release Unemployment Claims and Non-Farm Productivity.
The support rests at 1.28450 with resistance at 1.28870 which the weekly pivot point at 1.28560 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving above 50 level, 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.
Considering the correction pattern, GBPUSD is growing towards level 50 of Fibonacci at 1.29660.