GBP is moving strongly against USD trying to recover the loss. UK’s Halifax house price index will be published in a few hours.
The support rests at 1.29890 with resistance at 1.30700 which both lines are below the weekly pivot point at 1.30830. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising above the 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.
Long positions are recommended towards 61.8 level of Fibonacci at 1.315.
