UK’s public sector net borrowing posted a deficit in April and retail sales data grew more than expected.
The support rests at 1.22080 with resistance at 1.22840 which both lines are above the weekly pivot point at 1.21800. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards overbought area, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD is trying to reach level 50 of Fibonacci at 1.23600.