The UK Gfk Consumer Confidence came unchanged today. GBP is moving stronger against USD.
The support rests at 1.31050 with resistance at 1.31590 which both lines are above the weekly pivot point at 1.30830. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA 100 and the EMA of 200. The RSI is rising above 50 level and the Stochastic is showing upward momentum. The MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
The resistance level breakout will push the price up towards the upper Bollinger band at 1.32.