The British Parliament rejected May’s Brexit deal for the third time and weighed on GBP against USD.
The support rests at 1.30240 with resistance at 1.30840 which both lines are below the weekly pivot point at 1.30940. 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 rising towards 50 level and the Stochastic is showing upward momentum. The MACD line is below the signal line in the negative territory. The ADX is showing weak buy signal.
The resistance level breakout will push the price higher towards 1.31500; otherwise, GBPUSD may continue its bearish trend towards the previous low at 1.29500.