UK’s consumer price index increased along with the retail price index.
The support rests at 1.25330 with resistance at 1.26020 which the weekly pivot point at 1.25860 is located in between the lines. 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 falling 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.
GBPUSD is under pressure, sellers can target level 50 of Fibonacci at 1.24640.