Over the past week USD bulls dominated the chart. Now GBP is under pressure due to issues over Brexit.
The support rests at 1.29670 with resistance at 1.30550 which both lines are below weekly pivot point at 1.33120. 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 moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
The indicators are showing mixed signals. The resistance level breakout will confirm the price correction pattern targeting level 50 of Fibonacci at 1.3180.