Yesterday the UK’s retail sales advanced to 3.3% and today UK’s public sector net borrowing data will influence GBPUSD.
The support rests at 1.31690 with resistance at 1.32910 which both lines are above the weekly pivot point at 1.30350. 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 moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
While considering pullbacks on the way, buyers can target 1.33 or even higher.
