UK’s Nationwide house price index for November has been the most influential factor for GBPUSD.
The support rests at 1.27630 with resistance at 1.27940 which both lines are below the weekly pivot point at 1.28350. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving on the 50 level, the Stochastic is moving in low ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
Most probably GBPUSD will continue its bearish trend towards 1.273.