GBPUSD rejected from 8½-month high; next level 1.30

From xm.com

video GBPUSD has reversed back down again after finding resistance at the eight-and-a-half-month high of 1.3487 achieved last week. The momentum indicators are pointing to a neutral to negative bias in the short term with the RSI holding near the 50 level and the MACD oscillator falling below the trigger line in the positive zone. Moreover, the price declined below the 20-day simple moving average (SMA) and is heading towards the five-month ascending trend line. Further losses should see the 40-day SMA, which stands marginally above the 23.6% Fibonacci retracement level of the up leg from 1.1409 to 1.3487 at 1.3000, ... (full story)