GBP tried to grow for the past two days but it will be under pressure after the US labor market report.
The support rests at 1.37340 with resistance at 1.38090. The weekly pivot point at 1.37800 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 200 and the EMA of 100. The Stochastic is showing downward momentum, the RSI is moving on level 50 and the ADX is showing sell signal. The MACD indicator is in neutral territory.
GBPUSD is falling down within the descendant channel targeting 1.36700.