GBP declined yesterday despite the positive economic reports. The negotiations still go on as the British pound continues its bounce.
The pair is finding support at 1.32790 with resistance at 1.33430 which both lines are below the weekly pivot point at 1.34210. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The Stochastic is showing upward momentum. The RSI is moving below level 50 and the MACD is moving in negative territory. The ADX is not showing any clear signals.
The pair may decline towards the lower Bollinger band but there will be strong support.
