Bank of England Governor Mark Carney’s speech today is the only influential factor for GBPUSD.
The support rests at 1.28470 with resistance at 1.28870 which both lines are below the weekly pivot point at 1.29660. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 200 and the EMA of 100. The RSI is moving in oversold area and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signals.
GBPUSD may continue its bearish trend towards 61.8 level of Fibonacci at 1.275.