The slow UK’s wage growth put GBP under pressure against the strong USD.
The support rests at 1.34630 with resistance at 1.35150 which both lines are below the weekly pivot point at 1.35380. The EMA of 10 is moving with bearish bias in 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 upward momentum and MACD line is below the signal line in the negative territory. The ADX is showing weak sell signal.
GBPUSD will continue its bearish trend targeting 1.33.