Due to USD general weakening, GBP gained some momentum.
The support rests at 1.28420 with resistance at 1.29280 which both lines are above the weekly pivot point at 1.28300. The EMA of 10 is moving with bullish bias in the horizontal channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving above 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 not showing any clear signals.
There is a possible decline opportunity towards 1.28000.
