There are no major economic reports in the UK today.
The support rests at 1.15340 with resistance at 1.17560 which both lines are below the weekly pivot point at 1.18150. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Further decline is expected for GBPUSD targeting the lower Bollinger band at 1.13400.

gbpusd