GBPUSD is under the influence of estimate GDP data from the UK and the unemployment claims data from the US.
The support rests at 1.29640 with resistance at 1.29960 which the weekly pivot point at 1.29810 is located in between the lines. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing upward momentum and MACD indicator is in neutral territory. The ADX is showing buy signals.
Long positions are recommended targeting 1.30.

gbpusd analysis