While USD is getting empowered, GBP is losing momentum due to Brexit uncertainty.
The support rests at 1.26480 with resistance at 1.27050 which the weekly pivot point at 1.26670 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 200 and above the EMA of 100. The RSI is falling below 50 level and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The support level breakthrough will confirm the price decline towards 1.25800.
