The British remain under pressure against the US dollar, as traders remain cautious after last weeks huge reversal from the 1.4230 level. The four-hour time frame shows that the GBPUSD pair is from technical support from the Ichimoku indicator below the 1.3890. Weakness towards the 1.3600 support region is very possible if GBPUSD bears can hold the price below the 1.3890 level.
The GBPUSD pair is only bullish while trading above the 1.3960 level, key resistance is found at the 1.4000 and the 1.4130 levels.
If the GBPUSD pair trades below 1.3960, sellers may test the 1.3800 and 1.3600 support levels.
