GBPUSD TURNING BEARISH BELOW 1.3307
The British pound has fallen against the U.S dollar, hitting 1.3290, after BOE Governor Mark Carney warned of the possible shocks the UK economy faces after leaving the European Union. GBPUSD still remains below the key 1.3307 level, with price-action currently holding slightly above the 1.3300 level and hourly momentum pointing down. The pair is likely to remain volatile heading into the U.S trading session, as we see the release of high-impact data from the U.S economy, and a host of Federal Reserve members speaking.
The GBPUSD pair remains intraday bearish while trading below the key 1.3307 level. Further downside towards the 1.3268 level appears likely, with extended weekly support found at 1.3230.
Should price-action on the GBPUSD pair start to move back above 1.3307 technical level, buyers will likely push the pair towards the 1.3360 resistance level.