The pair is trading within the general trend in the currency markets, basically following EURUSD. Today’s UK data is unlikely to have a significant impact on the pair, it may fall if EURUSD is under pressure as investors remain negative on risk assets.
Technical side:
The price is at the lower border of Bollinger band, below SMA 5 and SMA 14. The moving averages intersect, suggesting to sell. RSI below the 50% level also signals a likely further decline. Stoch decline and enter the oversold zone.
GBPUSD rate online: monitor the price movement in real time.
Trading recommendations:
If the pair falls below 1.3000, there is a probability of a local decline to 1.2915.