GBP is under pressure due to uncertainty of Johnson’s plan to ease the nationwide lockdown.
The support rests at 1.22850 with resistance at 1.23540 which both lines are below the weekly pivot point at 1.23880. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards 50 level, the Stochastic is moving in low ranges and the MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals.
GBPUSD is falling down within Andrew’s Pitchfork targeting 1.22500.