Retail Sales With Auto Fuel and Retail Sales Ex Auto Fuel reports came higher than expected.
The support rests at 1.30160 with resistance at 1.31300 which both lines are above the weekly pivot point at 1.29520. 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 falling towards level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
GBP bulls are trying to hit the upper Bollinger band at 1.32000.