Pound is under pressure against USD. Construction PMI and Consumer Inflation Expectations will be announced in the UK.
The support rests at 1.32360 with resistance at 1.33090 which the weekly pivot point at 1.32540 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
GBPUSD is controlled by the bears, the price decline is expected towards 1.31200.