The US Fed decision and strong US jobs data put GBP under pressure.
The support rests at 1.30010 with resistance at 1.30490 which both lines are above the weekly pivot point at 1.29340. The EMA of 10 is moving with bearish bias in the ascendant channel and it has reached the EMA 200 and they are both above EMA of 100. The RSI is falling towards 50 level and the Stochastic is moving in high ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
GBPUSD may continue its bearish trend towards the lower Bollinger band at 1.29700.
