The British pound has continued to weaken against the US dollar during the Europen trading session as the overall trading trend remains bearish. A break below the 1.2110 level is likely to accelerate losses towards at least the 1.2070 level on an intraday basis. Short-term bulls need to move price above the 1.2250 level just to stabilize the overall sentiment towards the GBPUSD pair.
The GBPUSD pair is bearish while trading below 1.2180, key support is found at the 1.2110 and 1.2070 levels.
If the GBPUSD pair trades above the 1.2180 level, buyers may test towards the 1.2220 and 1.2250 levels.
