UK’s house price balance remained flat and GBP is under pressure due to negotiations between the UK government and the Conservative and Labour Parties.
The support rests at 1.29930 with resistance at 1.30220 which both lines are below the weekly pivot point at 1.30850. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA 100 and below the EMA of 200. The RSI is moving below 50 level and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
GBPUSD may continue its decline towards 61.8 level of Fibonacci at 1.29700.