The British pound is trading towards the lower-end of its weekly trading range against the US dollar as the UK Parliament remains deadlocked over Brexit. If the GBPUSD pair continues to decline, the 1.3100 level offers the strongest form of near-term support. The four-hour time frame is showing a neutral triangle pattern, with trendline support found at the 1.3035 level.
The GBPUSD pair is intraday bearish while trading below the 1.3150 level, key technical support is found at the 1.3100 and 1.3035 levels
If the GBPUSD pair trades above the 1.3150 level, buyers may test towards the 1.3200 and 1.3270 resistance levels.
