The British Pound remained under pressure against USD.
The support rests at 1.24760 with resistance at 1.25360 which both lines are below the weekly pivot point at 1.25710. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 200 and the EMA of 100. The RSI is moving in oversold area and the Stochastic is moving in middle ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The resistance level breakout will confirm the correction pattern towards 1.26000; otherwise GBPUSD will continue its bearish trend towards 1.24000.