GBP gained some momentum while the US citizens were celebrating Independence Day.
The support rests at 1.31560 with resistance at 1.32780 which the weekly pivot point at 1.31930 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 200 and the EMA of 100. The RSI is moving above the 50 level, the Stochastic is moving in high ranges and MACD line is above the signal line in the positive territory. The ADX is showing an upward trend.
Long positions are recommended towards 1.33.

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