GBP is publishing Mortgage Lending and Approvals. The US will release Core PCE price index and Personal spending data.
The support rests at 1.28080 with resistance at 1.28470 which both lines are below the weekly pivot point at 1.28990. 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 in oversold area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
Short positions are recommended towards 1.2753.