There are no major economic reports in the UK today therefore GBPUSD will be chiefly under the influence of economic events worldwide.
The support rests at 1.30190 with resistance at 1.30490 which both lines are above the weekly pivot point at 1.28740. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA 200 and the EMA of 100. The RSI is moving above 50 level and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing weak buy signal.
The support level breakthrough will push the price down towards the lower Bollinger band at 1.2925, otherwise, GBPUSD grows towards 1.31170.
