The British pound remains under pressure against the US dollar in early week, after the pair performed a bearish weekly close below the key 1.3300 level. The GBPUSD pair currently trades around the 1.3260 region, after finding strong technical support from the 1.3222 level on Friday. Traders remained focused on the key 95.00 level on the US dollar index and the upcoming Bank of England policy decision this week.
The GBPUSD pair is strongly bearish while trading below the 1.3294 level, key technical support is now located at the 1.3222 and 1.3204 levels.
If the GBPUSD pair moves above the 1.3294 level, key technical resistance can be found at the 1.3307 and 1.3340 levels.
