The UK economic data is supporting GBP against the weak USD.
The support rests at 1.21200 with resistance at 1.22290 which the weekly pivot point at 1.22090 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA 200 and the EMA of 100. The RSI is rising towards 50 level 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 is moving in a tight range. Most probably GBPUSD may grow towards 1.22800.

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