The Bank of England announced that the likelihood of a no-deal Brexit may bring massive trouble to the UK economy.
The support rests at 1.25200 with resistance at 1.25620 which both lines are below the weekly pivot point at 1.25710. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA 200 and the EMA of 100. The RSI is moving above 50 level and the Stochastic is moving in middle ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
GBPUSD may continue its growth towards 50 level of Fibonacci at 1.26000.

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