Pound is under pressure due to failing economic reports in the UK.
The support rests at 1.37290 with resistance at 1.38090. The weekly pivot point at 1.37800 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 200 and the EMA of 100. The Stochastic is moving in low ranges, the RSI is falling below level 50 and the ADX is showing sell signal. The MACD indicator is in neutral territory.
Considering the bearish pressure, sellers can target the lower Bollinger band at 1.36900.
