UK’s BBA mortgage approvals for September will influence GBPUSD today.
The support rests at 1.28650 with resistance at 1.29740 which both lines are above the weekly pivot point at 1.28290. 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 moving above 50 level, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
The chart is creating a dead cat bounce targeting 1.30300.