GBP was empowered by the UK February CPI.
The support rests at 1.24550 with resistance at 1.24950 which both lines are above the weekly pivot point at 1.23020. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in the overbought area, the Stochastic is moving in its high rates and the MACD indicator is in positive territory. The ADX is showing buy signals.
Long positions are recommended targeting 1.25 area.

gbpusd analysis