Brexit is putting GBP under pressure while USD is being empowered by the US-China trade-war.
The support rests at 1.28400 with resistance at 1.28750 which both lines are below the weekly pivot point at 1.29430. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 100 and below the EMA of 200. The RSI is falling towards the 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 signals.
It seems that bears are controlling the chart, dragging the price down towards 1.275.

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