GBP got weakened when Theresa May’s proposal regarding the UK’s release date to 30 June was rejected by EU leaders.
The support rests at 1.30990 with resistance at 1.31550 which both lines are below the weekly pivot point at 1.32120. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA 200 and below the EMA of 100. The RSI is falling towards oversold area and the Stochastic is showing upward momentum. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
GBPUSD may grow towards 61.8 level of Fibonacci at 1.32300; however, the support level breakdown may drag the price towards 1.30500.