Britain’s ILO unemployment rate and average earning including bonus data are the most influential data for GBPUSD.
The support rests at 1.22040 with resistance at 1.22700 which both lines are below the weekly pivot point at 1.25870. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, 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 falling down towards the lower Bollinger band at 1.20500.
