GBPUSD has been choppy since the last month. There are no important economic reports in the Great Britain however the US is publishing New Home Sales and Markit Manufacturing PMI Flash.
The support rests at 1.29610 with resistance at 1.30110 which the weekly pivot point at 1.29040 is located in between the lines. 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 on the 50 level, the Stochastic is showing downward momentum and MACD indicator is in positive territory. The ADX is showing sell signals.
While noting that GBPUSD will remain choppy, buyers can target 1.31.

gbpusd analysis