UK’s BBA mortgage approvals fell and today there will be BOE Governor Mark Carney speech.
The support rests at 1.22990 with resistance at 1.23910 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 moving in oversold area 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 support line seems to be too strong to be broken, buyers can target the middle Bollinger band at 1.24100.
