GBPUSD: The pair faces further downside pressure. Support lies at the 1.3550 level where a break will turn attention to the 1.3500 level. Further down, support lies at the 1.3450 level. Below here will set the stage for more weakness towards the 1.3400 level. Conversely, resistance stands at the 1.3650 levels with a turn above here allowing more strength to build up towards the 1.3700 level. Further out, resistance resides at the 1.3750 level followed by the 1.3800 level. On the whole, GBPUSD remains biased to downside short term.
