Boris Johnson started todays as prime minister and the UK economic data is not supporting GBP.
The support rests at 1.24160 with resistance at 1.24550 which both lines are below the weekly pivot point at 1.24880. 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 rising towards 50 level and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is not any clear signals.
GBPUSD is moving in bearish area, sellers can target 1.22500.

gbpusd