The British pound has fallen to its lowest trading level against the US dollar currency as the pair fails to attract meaningful buying interest this week. The daily time frame now shows that a full restest of a former breakout from a falling price channel, at 1.3700, is still possible. Sustained weakness under the 1.3790 level will be a big clue that further GBPUSD selling may soon be coming.
The GBPUSD pair is only bullish while trading above the 1.379 level, key resistance is found at the 1.3900 and the 1.4000 levels.
If the GBPUSD pair trades below the 1.3790, sellers may test the 1.3700 and 1.3660 support levels.
