While GBP has been weakened due to poor economic data, today GDP might empower GBP against USD.
The support rests at 1.23890 with resistance at 1.24620 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 falling below 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 showing sell signal.
The price may fall towards the support line but it is not going to cross it. Buyers can target the middle Bollinger band at 1.24600.
