GBP is acting stronger against USD and now all eyes are on the UK’s BBA mortgage approvals for June.
The support rests at 1.31120 with resistance at 1.31750 which the weekly pivot point at 1.31280 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 200 and the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is moving in high ranges and MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD is growing towards the 61.8 level of Fibonacci at 1.32.