The economic reports in the UK could not support GBP against USD.
The support rests at 1.29110 with resistance at 1.29740 which both lines are below the weekly pivot point at 1.29830. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving above 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The resistance level breakout will confirm the bullish trend towards 1.30000, otherwise GBPUSD will be falling down towards the lower Bollinger band at 1.28800.

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