Consumer Price Index, Retail price index and Public Sector Net Borrowing were released in the UK.
The support rests at 1.29190 with resistance at 1.30500 which the weekly pivot point at 1.29520 is located in between the lines. 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 rising above level 50, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD is in bullish trend so buyers can expect 1.31200.
