As the surging treasury yields supported the weak USD, the Brexit is weighing on GBP.
The support rests at 1.39880 with resistance at 1.40830 which both lines are below the weekly pivot point at 1.41180. 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 moving below the 50 level, the Stochastic is showing downward momentum and MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
GBPUSD will continue its bearish trend towards 1.39.

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