UK’s Lloyd’s business barometer grew in June and UK’s gross domestic product data is the most influential factor for GBPUSD today.
The support rests at 1.26510 with resistance at 1.26900 which the weekly pivot point at 1.26670 is located in between the lines. The EMA of 10 is moving horizontally in the horizontal channel and it is below the EMA 200 and above the EMA of 100. The RSI is moving 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 not showing any clear signals.
GBPUSD is moving in a tight range, the support level breakthrough will push the price down towards 1.2640.
