GBPUSD is moving slowly due to the holiday in the UK and Europe. There might be some volatility during the US session.
The support rests at 1.29740 with resistance at 1.30050 which both lines are below the weekly pivot point at 1.30280. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 100 and the EMA of 200. The RSI is moving in oversold area and the Stochastic is moving in low ranges. The MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals.
GBPUSD may continue its bearish trend towards 1.28500.
