The world’s first large-scale production of a new vaccine against “coronavirus” begins in the UK.
The support rests at 1.23630 with resistance at 1.24910 which both lines are below the weekly pivot point at 1.25210. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the Stochastic is showing downward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing sell signal.
While GBPUSD is moving in a tight range, the price may fall towards the lower Bollinger band at 1.23900 however it will keep the fluctuation within the bands.