GBP has been supported by the Macroeconomic data against USD.
The support rests at 1.27270 with resistance at 1.27720 which both lines are above the weekly pivot point at 1.26670. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA 200 and above the EMA of 100. The RSI is moving in overbought area and the Stochastic is moving in high ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The bullish trend may continue towards 50 level of Fibonacci at 1.28500.