the RICS house price balance put GBP under pressure yesterday but progress in the negotiations on the Irish border is supporting GBP.
The support rests at 1.25990 with resistance at 1.27120 which both lines are below the weekly pivot point at 1.27430. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is rising towards the overbought area, 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.
GBPUSD may continue its growth towards 61.8 level of Fibonacci at 1.284.