On our chart we see that the price has updated the maximum values since July this year and is directed upwards. The trend indicator RSI shows an upward movement; the pair has been fixed and has found a support at the level of 1.3150.
The latest economic news contributes to the weakening of the reserve currency, therefore we believe that the pair has good growth potential. Furthermore, the current macroeconomic data from the UK is higher than expected, so the base index and retail sales volumes were 0.3% and 0.3% instead of -0.2% and -0.1%, respectively.
Therefore, we advise you to look for points to enter the market for long positions and consider your targets at the following resistance levels of 1.3250 and 1.3320.
