The British PMI services put GBP under pressure and the USD is moving weakly as well.
The support rests at 1.29330 with resistance at 1.30180 which both lines are below the weekly pivot point at 1.30500. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is showing downward momentum and MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
Short positions are recommended towards 1.289.