The UK Industrial Trends Survey supported GBP.
The support rests at 1.26170 with resistance at 1.26810 which both lines are above the weekly pivot point at 1.22570. 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 overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals.
The resistance level breakout will smooth the way for further growth targeting 1.270 otherwise it will decline towards 1.260.

gbpusd analysis