The general weakness of USD is giving a support to GBP growth.
The support rests at 1.18420 with resistance at 1.28910 which the weekly pivot point at 1.28730 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving on the 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD may continue its growth towards 61.8 level of Fibonacci at 1.30.
