GBP is still under pressure due to the Brexit issue.
The support rests at 1.21190 with resistance at 1.22140 which the weekly pivot point at 1.21970 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals.
Short positions are recommended targeting 1.2034.

gbpusd analysis