UK leaving EU will empower GBP which might happen earlier.
The support rests at 1.27750 with resistance at 1.29220 which the weekly pivot point at 1.28790 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising towards 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 not showing any clear signals.
The price may fall towards 1.27600 however GBPUSD is growing up within the long term channel.
