Despite UK’s GfK consumer confidence, UK’s Markit Construction PMI climbed in May.
The support rests at 1.25900 with resistance at 1.27080 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 below the signal line in the negative territory. The ADX is showing buy signal.
GBPUSD is growing towards 1.27100.
