There are no major economic reports to influence GBPUSD however this pair is still under the influence of Brexit issues and negotiations.
The support rests at 1.28600 with resistance at 1.28930 which both lines are below the weekly pivot point at 1.29220. The EMA of 10 is moving with bearish bias and it is above the EMA of 200 and below the EMA of 100. The RSI is moving below the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing weak buy signals.
As long as the support area remains intact, long positions are recommended targeting 1.30.

gbpusd analysis