GBP was on demand yesterday but the market was quiet in the UK. 30-y Bond Auction will be release and BoE Governor Andrew Bailey delivers a speech.
GBPUSD is finding support at 1.31490 with resistance at 1.32750 which the weekly pivot point at 1.32070 is located in between the lines. EMA of 10 is moving with bullish bias in the ascendant channel and it is above EMA of 100 and 200. The Stochastic is showing upward momentum and the RSI is rising towards overbought area. The MACD is in positive territory and the ADX is showing buy signal.
Long positions are recommended towards 1.33000.
