There are no important economic reports for GB today however; the US is publishing Fed Powell Speech and the Initial Jobless Claims reports.
The support rests at 1.27820 with resistance at 1.28540 which both lines are above the weekly pivot point at 1.24860. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is showing upward momentum and MACD indicator is in positive territory. The ADX is showing buy signals.
Long positions are recommended targeting 1.2900 followed by 1.30.

gbpusd analysis