GBP has been moving stronger against USD and today UK’s Halifax house prices index for April will be released.
The support rests at 1.31070 with resistance at 1.31480 which both lines are above the weekly pivot point at 1.30850. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA 200 and the EMA of 100. The RSI is moving above 50 level and the Stochastic is showing upward momentum. The MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
GBPUSD may continue its bullish trend towards the upper Bollinger band at 1.31750.