The UK Consumer Price Index was released and GBP being supported against USD.
The support rests at 1.16790 with resistance at 1.18530 which the weekly pivot point at 1.18150 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving above 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD is targeting level 38.2 of Fibonacci at 1.21000.