GBP is under pressure due to negotiations over Brexit. Today MPC Member Gertjan Vlieghe Speaks in the UK.
The support rests at 1.23050 with resistance at 1.23950 which both lines are below the weekly pivot point at 1.24610. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The price has already reached the lower Bollinger band, there is a possibility of price growth towards the upper band at 1.25000.