GBP has been supported by the UK economic reports and USD has been under the influence of the FOMC minutes.
The support rests at 1.32960 with resistance at 1.33440 which both lines are above the weekly pivot point at 1.31770. 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 overbought area, the Stochastic is showing upward momentum and MACD line is above the signal line in the positive territory. The ADX is showing buy signals.
Despite the pullbacks on the way, buyers can target 1.35.

gbpusd analysis