While there are no major economic reports in the UK, traders will await US statistics.
The support rests at 1.29300 with resistance at 1.29660 which the weekly pivot point at 1.29540 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving on 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing weak sell signal.
The resistance level breakout will push the price up towards the upper Bollinger band at 1.30000.