Due to the US long weekend, GBP has been the strongest currency. Today the UK is not publishing any economic reports.
The support rests at 1.30180 with resistance at 1.30530 which both lines are above the weekly pivot point at 1.29320. The EMA of 10 is moving with bullish bias along 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 MACD indicator is in positive territory. The ADX is not showing any clear signals.
The resistance area seems to be too strong to be broken, therefore short positions are recommended towards 1.29.

gbpusd analysis