The UK will publish Markit/CIPS UK Services PMI and the US will release ISM Non-Manufacturing PMI, ISM Non-Manufacturing Employment and EIA Crude Oil Stocks Change.
The support rests at 1.26850 with resistance at 1.27200 which both lines are above the weekly pivot point at 1.26470. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA 100 and the EMA of 200. The RSI is moving in overbought area and the Stochastic is moving in high ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD may continue its growth towards 61.8 level of Fibonacci at 1.29300 in long term. Short term buyers can target 1.27600 today.