UK’s GfK consumer confidence index grew to its highest rate since 2018.
The support rests at 1.28550 with resistance at 1.29150 which both lines are below the weekly pivot point at 1.29540. 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 below 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.
GBPUSD is falling down towards 1.28400.
