The Brexit negotiations is putting GBP under pressure against the weak USD.
The support rests at 1.27260 with resistance at 1.27580 which both lines are above the weekly pivot point at 1.26620. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving above the 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing weak buy signal.
GBPUSD may fall towards 61.8 level of Fibonacci at 1.258, however it seems that it pair is trying to consolidate within the support and resistance area.