The UK Manufacturing PMI failed to empower GBP.
The support rests at 1.27190 with resistance at 1.27910 which both lines are below the weekly pivot point at 1.27770. 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 below the 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
The indicators are showing mixed signals, the price is moving in lower Bollinger band, the support level breakthrough will push the price down towards 1.2680; otherwise the pair will grow towards 1.283.