GBP is growing up regardless of the fundamental reports. Today PMIs in the services and manufacturing sectors will be reported in the UK.
The pair is finding support at 1.39330 with resistance at 1.40050 which the weekly pivot point at 1.38000 is located below the lines. The EMA of 10 is moving with bullish bias in the long term ascendant channel and it is above the EMA of 200 and the EMA of 100. The Stochastic is moving in high ranges. The RSI is moving in overbought area and the MACD is moving in positive territory. The ADX is showing buy signal.
There is no sign to show when the correction pattern is going to start. We are staying bullish on GBPUSD and buyers can target 1.40500.