The British pound has fallen to a fresh 2018 trading-low against the US dollar, as the greenback moves higher amidst trade war concerns with China. The GBPUSD pair has tumbled below the 1.3200 level, and now risks deeper protracted losses below the 1.3100 level. Key daily technical indicators are also turning lower, adding further intraday bearish selling pressure to the GBPUSD pair.
The GBPUSD pair is strongly bearish while trading below the 1.3200 level, key technical support is now located at the 1.3162 and 1.3089 levels.
If the GBPUSD pair moves above the 1.3200 level, key technical resistance can be found at the 1.3205 and 1.3241 levels.
