GBP is acting weak against USD and today there are no major economic reports in the UK to give some support to GBP.
The support rests at 1.28980 with resistance at 1.29770 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 above the signal line in the positive territory. The ADX is not showing any clear signals.
Short positions are recommended towards the lower Bollinger band at 1.2885.