GBP has been empowered by Public borrowing data in the UK.
The support rests at 1.27560 with resistance at 1.29200 which the weekly pivot point at 1.27950 is located in between the lines. 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.
The resistance level breakout will confirm the bullish trend towards 1.30000.