GBP is acting weak against the strong USD due to British CPI data and Producer Price Index year-on-year data.
The support rests at 1.33380 with resistance at 1.33940 which both lines are below the weekly pivot point at 1.35110. 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 moving below the 50 level, the Stochastic is showing upward momentum and MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
GBPUSD will continue its bearish trend towards 1.325.

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