There are no major economic reports in the UK today therefore GBPUSD will be massively under the influence of US economic data.
The support rests at 1.30290 with resistance at 1.30590 which both lines are above the weekly pivot point at 1.29830. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is falling towards 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.
Long positions are recommended towards 1.31000.
