GDP, Current Account and Business Investment data were reported in the UK. Pending Home Sales, Crude Oil Inventories and ADP Non-Farm Employment Change will be released in the US.
The support rests at 1.27800 with resistance at 1.28770 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 ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
GBPUSD is fluctuating within the Bollinger bands. While considering pullbacks, buyers can target 1.29500.