GBP has been under pressure due to the uncertainty of Brexit deal recently. There are some economic reports being published in the UK today such as net lending to individuals, M4 money supply, and mortgage approvals for September.
While trying to find support around the EMA of 200, it seems that GBPUSD is trying to rebound. The support rests at 1.29640 with resistance at 1.30150 which both lines are below the weekly pivot point at 1.30400. The EMA of 10 is moving with bearish bias in the long term ascendant channel and it is above the EMA of 200 and the EMA of 100. Most indicators are showing downward pressure but Stochastic is showing upward momentum.
As long as the price fluctuate below the resistance line sellers can target 1.29200; otherwise long positions are recommended towards 1.30500.

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