GBP has been growing despite the Brexit issues.
The support rests at 1.24640 with resistance at 1.25570 which both lines are below the weekly pivot point at 1.26120. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
Considering the correction pattern, GBPUSD must be targeting level 61.8 of Fibonacci at 1.23500.
