Today’s UK parliament session and Brexit headlines may cause some volatility to GBPUSD trend.
The support rests at 1.28440 with resistance at 1.28810 which the weekly pivot point at 1.28500 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA 100 and the EMA of 200. The RSI is falling towards oversold area and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The support level breakthrough may push the price down towards 61.8 level of Fibonacci at 1.265.