The UK’s Consumer Price Inflation grew along with the UK CPI data.
The support rests at 1.24230 with resistance at 1.24990 which both lines are below the weekly pivot point at 1.25310. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA 200 and the EMA of 100. The RSI is rising towards 50 level and the Stochastic is moving in high ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD may confirm the correction pattern and grow towards 50 level of Fibonacci at 1.25800.
