The British pound is consolidating around the 1.3100 level against the US dollar currency ahead of a key week of Brexit negotiations. Sellers are trying to force a technical breakout under the 1.3040 level to encourage technical selling towards the 1.2900, and possible the 1.2800 area. The short-term trend for the GBPUSD pair will turn bullish if price holds above the 1.3140 level.
The GBPUSD pair is only bearish while trading below the 1.3140 level, key support is found at the 1.3040 and 1.2900 levels.
The GBPUSD pair is only bullish while trading above the 1.3140 level, key resistance is found at the 1.3180 and 1.3250 levels.
