There is a possibility of USD weakness after federal reserve chairman Jerome Powell’s talk so it brings a chance for GBP growth.
The support rests at 1.31860 with resistance at 1.32400 which both lines are above the weekly pivot point at 1.31390. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing weak buy signal.
Long positions are recommended towards 1.32750.