the BRC shop price index report has put GBP under pressure.
The support rests at 1.29790 with resistance at 1.30410 which both lines are below the weekly pivot point at 1.30690. 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 falling towards oversold area, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
GBPUSD is falling down towards 1.29500.
