Yesterday GBPUSD had a sharp decline. The UK agreed to remove the clauses which violated the international law on the market.
The pair is finding support at 1.33230 with resistance at 1.33970 which both lines are below the weekly pivot point at 1.34210. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 100 and 200. The Stochastic is showing upward momentum. The RSI is moving on level 50 and the MACD is moving in negative territory. The ADX is showing buy signal.
The support level breakthrough will confirm the bearish trend towards the lower Bollinger band at 1.32700; otherwise GBPUSD will continue its growth towards the upper band at 1.35000.

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