Today the UK retail sales data and the US unemployment claims data are the influential events for GBPUSD.
The support rests at 1.31140 with resistance at 1.32050 which both lines are below the weekly pivot point at 1.32310. The EMA of 10 is moving with bearish bias along the descendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing downward momentum and MACD indicator is in negative territory. The ADX is not showing any clear signals.
Short positions are recommended towards 1.3037.

gbpusd analysis

gbpusd