GBPUSD is under pressure due to the holidays worldwide along with the USD being supported.
The support rests at 1.40040 with resistance at 1.40730 which both lines are below the weekly pivot point at 1.40850. 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 moving in low ranges; showing upward momentum and MACD line is below the signal line in the negative territory. The ADX is showing weak sell signal.
Short positions are recommended towards 61.8 level of Fibonacci at 1.39.

gbpusd

gbpusd