UK’s RICS House Price Balance rose in August.
The support rests at 1.23020 with resistance at 1.23560 which both lines are above the weekly pivot point at 1.22010. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA 200 and the EMA of 100. The RSI is moving on 50 level and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
While considering pullbacks on the way, GBPUSD is growing up within Andrew’s Pitchfork targeting 1.24000.