GBP reached the highest rate in August.
The support rests at 1.21270 with resistance at 1.22860 which the weekly pivot point at 1.22150 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA 200 and above the EMA of 100. The RSI is falling towards 50 level and the Stochastic is showing downward momentum. 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 therefore while considering pullbacks buyers can target 1.23000.