GBPUSD grew up due to USD weakness after the economic reports announcement. The PPI data from the US will bring some volatility to the market.
The support rests at 1.39900 with resistance at 1.40750 which both lines are above the weekly pivot point at 1.39120. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving in overbought area, the Stochastic is showing upward momentum and MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Long positions are recommended towards 1.43.

gbpusd

gbpusd