The UK Public Sector Net Borrowing will be released soon.
The support rests at 1.24070 with resistance at 1.24820 which both lines are below the weekly pivot point at 1.24820. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above 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 showing any clear signals.
The indicators are showing mixed signals. The support level breakthrough will confirm the correction pattern targeting 61.8 level of Fibonacci at 1.21000; otherwise, GBPUSD will continue its bullish trend towards 1.25500.