The UK will publish 10-y Bond Auction and the US will release FOMC Meeting Minutes and Crude Oil Inventories.
The support rests at 1.22080 with resistance at 1.24260 which the weekly pivot point at 1.23170 is located in between the lines. The EMA of 10 is moving horizontally in the horizontal channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving on 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD is moving in a tight range. It will be fluctuating within the Bollinger bands.