GBPUSD (1.3038): The GBPUSD currency pair was also trading weaker on Monday. Price aciton was seen settling near the support level of 1.3052 – 1.3028 level. As long as this support holds, there is scope for the GBPUSD currency pair to break higher. However, a break down below this level could see the cable testing the next main lower support at 1.2808. To the upside, price action could target the previously held resistance level of 1.3250.
