GBPUSD has been fluctuating within the descendant channel since the previous high at 1.26140.
The support rests at 1.24430 with resistance at 1.24870 which both lines are below the weekly pivot point at 1.25120. The EMA of 10 is moving with bearish bias along the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling below the 50 level, the Stochastic is moving in low ranges and MACD indicator is in negative territory. The ADX is showing sell signals.
The resistance level breakout will make the pair grow towards 1.25, otherwise, it will drop to 1.24.

gbpusd analysis

gbpusd