Boris Johnson’s comments put GBP under pressure.
The support rests at 1.29500 with resistance at 1.29810 which both lines are below the weekly pivot point at 1.31310. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The price has reached the lower Bollinger band, there is a possibility of price growth towards 1.3000 but the support level breakthrough will confirm further decline towards 1.28500.
