The negotiations between the United Kingdom and the European Union will bring some volatility to the market.
The support rests at 1.34880 with resistance at 1.35470 which both lines are below the weekly pivot point at 1.36000. 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 falling towards the oversold area, the Stochastic is showing upward momentum and MACD line is on the signal line in the neutral territory. The ADX is showing sell signal.
GBPUSD is moving in a very tight ranges which might widen a bit today. The downward pressure may drag the price towards 1.33 however, if the correction pattern starts, buyers can target 1.36.