Britain’s total trade balance, industrial production, manufacturing production and gross domestic product data are the most influential factors for GBP growth.
The support rests at 1.28170 with resistance at 1.29360 which both lines are below the weekly pivot point at 1.29460. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is rising towards 50 level, 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 price has already reached the lower Bollinger band. GBPUSD may start its growth soon targeting 1.30000.