GBP has been under pressure due to the poor economic data in the UK.
The support rests at 1.30090 with resistance at 1.31060 which both lines are below the weekly pivot point at 1.32340. 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 moving in oversold area, the Stochastic is moving in middle ranges and MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
Short positions are recommended towards 1.2990. The resistance level breakout will push the price up towards 1.3140.