While UK jobless rate was stable traders await CPI data to be released today.
The support rests at 1.25160 with resistance at 1.26020 which both lines are below the weekly pivot point at 1.26120. The EMA of 10 is moving with bearish bias in the ascendant 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.
The support level breakthrough will pave the way for shooting 1.2451; otherwise, GBPUSD will be fluctuating below 1.26500.
