Claimant Count Change and Average Earnings Index data have been released in the UK.
The support rests at 1.25380 with resistance at 1.26300 which both lines are above the weekly pivot point at 1.25170. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA 200 and the EMA of 100. The RSI is moving in overbought area and the Stochastic is showing downward momentum. The MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
It seems that the correction pattern has started therefore short positions are recommended towards 61.8 level of Fibonacci at 1.23900.

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