Construction PMI will be released in the UK and the US will publish Crude Oil Inventories and ADP Non-Farm Employment Change.
The support rests at 1.24090 with resistance at 1.24590 which both lines are below the weekly pivot point at 1.24990. The EMA of 10 is moving with bearish bias in the horizontal channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
GBPUSD may continue its decline towards 1.23800.
