GBPUSD analysis for 14.09.2020

GBPUSD has been moving down over the last recent days. There are no major reports in the US and UK so Brexit issue will be the influencing the market.
The support rests at 1.27610 with resistance at 1.29029 which both lines are below weekly pivot point at 1.29430. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards level 50, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The support line seems too strong to be broken. Long positions are recommended towards 1.29500.

gbpusd
Source: fxglory