GBP is under pressure due to poor economic data.
The support rests at 1.30680 with resistance at 1.31660 which both lines are below the weekly pivot point at 1.33000. 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 rising towards 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The price may fall towards 1.30000 but the price growth will begin soon.
