GBP is moving lower against USD due to UK’s consumer price inflation data.
The support rests at 1.28080 with resistance at 1.28750 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 on the signal line in the neutral territory. The ADX is not showing any clear signals.
The bearish trend may continue towards 61.8 level of Fibonacci at 1.27450.