Price formed indicating that the move may run out of momentum and seller will kick in again.
Price is currently within a area of selling pressure.
is showing divergence indicating that the move may reverse.
Possible at 1.3058 -1.3156 (Also around the 200MA)
Concept 1: Price rejects 1D resistance line with a move to , breaking through to bottom support line.
Concept 2: move to , Bulls kick in and drive price back to resistance, possibly with a break from indicators showing the golden cross (MA 50 > 200)
Personally I don't feel GBP will break the resistance before retracing first. Any bad GBP data this week will start a strong bear move