GBP is moving weaker than USD due to Brexit uncertainty.
The support rests at 1.26080 with resistance at 1.26470 which both lines are below the weekly pivot point at 1.27100. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 100 and the EMA of 200. The RSI is moving in oversold area and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The chart has created a dead cat bounce, the bearish trend may continue towards 1.25800.
