GBPUSD is chiefly under the influence of the North Korea action.
The support rests at 1.21870 with resistance at 1.22230 which both lines are below the weekly pivot point at 1.23270. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing strong buy signals.
The pair will continue its downward trend within Andrews’ pitchfork targeting 1.2100.

gbpusd analysis