GBP has been empowered by the strong economic data.
The support rests at 1.29320 with resistance at 1.30360 which both lines are above the weekly pivot point at 1.28560. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and below the EMA of 200. The RSI is moving in overbought area, 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.
The correction pattern will continue and buyers can target 61.8 level of Fibonacci at 1.30200.