There has been an unexpected decline UK’s Manufacturing Sector Activity.
The support rests at 1.19590 with resistance at 1.20900 which both lines are below the weekly pivot point at 1.22060. 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 moving in oversold area and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
GBPUSD is falling down towards 1.19300.