GBP has been acting weak against USD due to Brexit talks and UK’s Rightmove house price index data.
The support rests at 1.25720 with resistance at 1.2601 which both lines are below the weekly pivot point at 1.26080. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving below the 50 level, the Stochastic is moving in middle ranges and 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 pair down towards the lower Bollinger band at 1.2517; otherwise, GBPUSD may grow towards the upper band at 1.2685.
