UK’s BBA mortgage approvals for January is the most influential factor for GBPUSD.
The support rests at 1.31090 with resistance at 1.31690 which both lines are above the weekly pivot point at 1.30180. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA 200 and the EMA of 100. The RSI is moving in overbought area and the Stochastic is moving in high ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
While GBPUSD has already reached the upper Bollinger band, the bullish trend may continue towards 1.32.