GBP is being empowered by the UK economic reports.
The support rests at 1.30010 with resistance at 1.31510 which both lines are below weekly pivot point at 1.33120. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The support level is too strong to be broken. GBPUSD will start the price growth soon targeting 1.32000.
