The Brexit deal is weighing on GBP. Today CBI industrial order books balance will be released in the UK.
The support rests at 1.27790 with resistance at 1.28570 which both lines are below the weekly pivot point at 1.29030. 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 level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
Considering the dead cat bounce pattern and the indicators, sellers must be expecting further decline towards 1.27500.