Balance of Trade has been published in the UK but Brexit still remain the most influential factor for GBPUSD.
The support rests at 1.27090 with resistance at 1.27780 which both lines are above the weekly pivot point at 1.26620. The EMA of 10 is moving with a slightly bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The indicators are showing downward pressure therefore GBPUSD may fall towards 1.269.
