Today GBP dropped against USD. UK’s ILO unemployment rate for January will be released soon.
The support rests at 1.29780 with resistance at 1.30170 which the weekly pivot point at 1.29960 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and on the EMA of 100. The RSI is moving below 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The price may fall towards the lower Bollinger band at 1.29600 but the main trend will remain bullish.