GBP is acting stronger against USD due to the American Holiday and the British trial Trends Survey.
The support rests at 1.24310 with resistance at 1.24930 which the weekly pivot point at 1.24450 is located in between the lines. The EMA of 10 is moving horizontally and it has reached EMA of 200; they are both below the EMA of 100. The RSI is moving horizontally below the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals.
Short positions are recommended targeting 1.2400.

gbpusd analysis