GBP is empowered by the UK wages growth.
The support rests at 1.29750 with resistance at 1.30270 which both lines are below the weekly pivot point at 1.30350. 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 moving on the 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 support level breakthrough will push the pair down towards the lower Bollinger band at 1.27, otherwise GBPUSD will continue its growth towards 1.31.
