GBP is bullish against USD. The UK PMI Manufacturing, PMI Services and Composite PMI data will be released in a few hours.
The support rests at 1.31920 with resistance at 1.33270 which both lines are above the weekly pivot point at 1.30780. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, 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.
Bulls are in control of the GBPUSD chart. Buyers can target the upper Bollinger band at 1.33000.