GBP went under pressure after the disappointing Brexit negotiations. The GBPUSD direction will be chiefly determined by macro-economic reports.
The support rests at 1.24610 with resistance at 1.25570 which both lines are above the weekly pivot point at 1.24220. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
Considering the correction pattern long positions are recommended towards level 61.8 of Fibonacci at 1.26000.