There are no major economic reports in the UK therefore GBPUSD will be under the influence of global macroeconomic events.
The support rests at 1.25510 with resistance at 1.26040 which both lines are below the weekly pivot point at 1.26430. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 200 and the EMA of 100. The RSI is moving in oversold area and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
It seems that GBPUSD will continue its bearish move within Andrews’ Pitchfork targeting 1.25000.