The British pound remains under pressure against the US dollar, following last weeks bearish price close under the psychological 1.3000 level. Continued weakness under the 1.3000 level could see the GBPUSD pair slipping even lower and testing the 1.2910 support level. Brexit news may see the GBPUSD pair start to settle in a lower trading range between the 1.2900 to 1.3100 levels.
- The GBPUSD pair is only bullish while trading above the 1.3100 level, further upside towards the 1.3200 and 1.3300 levels then seems possible.
- If the GBPUSD pair trades below the 1.3100 level, key support is found at the 1.2910 and 1.2820 levels.
