Brexit headlines are giving some support to GBP. The CBI Industrial Trends Orders Survey, and a speech from BOE’s Governor Carney will influence GBPUSD.
The support rests at 1.29460 with resistance at 1.30010 which both lines are below the weekly pivot point at 1.31040. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is rising towards the 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The resistance level breakout will push the price up towards 1.31.