GBP was supported by the Brexit issues and the Unemployment Rate.
The support rests at 1.22490 with resistance at 1.22850 which both lines are above the weekly pivot point at 1.21970. The EMA of 10 is moving with bullish bias along the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is moving in its high rates and the MACD indicator is in neutral territory. The ADX is showing buy signals. The resistance level breakout will be a good sign for buyers to target 61.8 level of Fibonacci around 1.24 otherwise the pair will drop to 1.21.

gbpusd analysis