GBPUSD analysis for 25.07.2016

As being still under the influence of Brexit issue, the pound fell along with poor economic reports. The support rests at 1.30940 with resistance at 1.31600 which both lines are below the monthly pivot point at 1.38150. The EAM of 10 is moving with bearish bias below the EMA of 100. The RSI is below the 50 level and the MACD indicator is staying neutral. The support level breakthrough will make the pair go lower targeting 1.2900.

https://fxglory.com/gbpusd-analysis-for-25-07-2016/