The British pound currency has fallen sharply against the US dollar after as the greenback strengthens broadly on the foreign exchange market. The GBPUSD pair could test towards the top of a large falling price channel, around the 1.3660 level, if the 1.3730 support zone is broken. Overall, the GBPUSD pair has a heavily negative short-term bias while trading under the 1.3830 level.
The GBPUSD pair is only bullish while trading above the 1.3830 level, key resistance is found at the 1.3900 and the 1.4000 levels.
If the GBPUSD pair trades below the 1.3830 level, sellers may test the 1.3730 and 1.3680 support levels.
