The Governor of the Bank of England Mark Carney’s speech supported GBP against USD after the sudden price decline.
The support rests at 1.30450 with resistance at 1.31140 which both lines are below the weekly pivot point at 1.31380. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving below 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
GBPUSD is getting close to the lower Bollinger band, it may start its growth soon targeting 1.31500.
