GBP is under pressure against the strong dollar due to the Brexit issue.
The support rests at 1.21460 with resistance at 1.21660 which both lines are below the weekly pivot point at 1.23270. The EMA of 10 is moving with bearish bias along 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 the MACD indicator is in negative territory. The ADX is showing strong buy signals.
GBPUSD is declining within Andrews’ pitchfork targeting 1.210.

gbpusd analysis