The UK will release Inflation Rate data and PPI Input data and the US will publish Fed Interest Rate Decision and FOMC Economic Projections.
The support rests at 1.25200 with resistance at 1.25760 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 high ranges. The MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
GBPUSD may fall towards the support line but soon buyers can target the upper Bollinger band at 1.26700.