The Brexit concerns are making GBP weak against the greenback. There are no major economic reports in UK today. Eyes will be on the US economic data.
The support rests at 1.28700 with resistance at 1.29090 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 moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
It seems that GBPUSD is falling down within Andrews’ Pitchfork targeting 1.279.