GBP is staying quiet today and the UK will release Construction PMI.
The support rests at 1.23420 with resistance at 1.24930 which both lines are above the weekly pivot point at 1.21360. The EMA of 10 is moving horizontally in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving above 50 level, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing buy signal.
GBPUSD is moving in a tight range and it is trying to consolidate within the Bollinger bands. The resistance level breakout may push the price up towards 1.25600.

gbpusd