The UK economic data is growing including UK’s gross domestic product.
The support rests at 1.29600 with resistance at 1.30300 which both lines are below the weekly pivot point at 1.31340. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and above the EMA of 200. The RSI is rising towards 50 level, the Stochastic is moving in low ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal.
The price may grow towards 1.30700 but the bearish pressure remains within the descending triangle.