The Bank of England rate decision is supporting GBP against USD.
The support rests at 1.25030 with resistance at 1.26020 which both lines are above the weekly pivot point at 1.24120. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA 200 and the EMA of 100. The RSI is moving in overbought area and the Stochastic is moving in high ranges. The MACD line is on the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD is growing up within the ascendant channel targeting 1.26300.