GBP is under pressure due to weak economic data.
The support rests at 1.26640 with resistance at 1.26950 which both lines are below the weekly pivot point at 1.27040. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 200 and above the EMA of 100. The RSI is falling towards oversold area and the Stochastic is moving in middle ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
GBPUSD may fall towards 1.26000.
