GBP has been moving slowly due to thoughts over the next Prime Minister.
The support rests at 1.26010 with resistance at 1.27240 which the weekly pivot point at 1.27100 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 100 and the EMA of 200. The RSI is moving below 50 level and the Stochastic is moving in low ranges. The MACD line is above the signal line in the positive territory. The ADX is showing weak sell signal.
Short positions are recommended towards 1.26200.