The Great Britain has published GDP Growth Rate and BBA Mortgage Approvals and the US is releasing Employment Cost Index.
The support rests at 1.28790 with resistance at 1.29290 which both lines are above the weekly pivot point at 1.27390. 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 horizontally in the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals.
Long positions are recommended targeting 1.3.

gbpusd analysis