GBP is remaining weak against the strong USD which is still supported by the strong economic data.
The support rests at 1.35900 with resistance at 1.36350 which both lines are below the weekly pivot point at 1.38510. 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 moving in oversold area, the Stochastic is moving in low ranges and MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The decline will continue towards 1.349.

gbpusd

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