GBP has been under pressure due to Brexit issue and today GDP figures for the UK will be released which might give GBP some support.
The support rests at 1.27350 with resistance at 1.28340 which both lines are below the weekly pivot point at 1.30500. The EMA of 10 is moving with bearish bias in 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 line is below the signal line in the negative territory. The ADX is showing sell signal.
The price has reached the lower Bollinger band and the support area seems to be too strong to be broken, therefore buyers can come to the market and target 1.30.