GBP is under pressure due to the disagreement between UK parties and lack of news over Brexit.
The support rests at 1.28810 with resistance at 1.29260 which both lines are below the weekly pivot point at 1.30480. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 100 and the EMA of 200. 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 not showing any clear signals.
The support level breakthrough will push the price down towards 1.28000.
