GBP has been acting strong among other currencies and traders are waiting for BOE announcement regarding the rate hike.
The support rests at 1.31530 with resistance at 1.32440 which both lines are above the weekly pivot point at 1.31070. 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 showing upward momentum and MACD indicator is in positive territory. The ADX is showing buy signals.
GBPUSD will continue its bullish trend towards 1.3250.

gbpusd analysis