GBPUSD INTRADAY SELLING WHILE BELOW 1.3880
The British pound has started to turn lower against the U.S dollar, as the U.S dollar index start to recover from three-year trading-lows. The GBPUSD pair is currently trading around the 1.3860 level, with intraday sellers largely in control while price-action holds below the key 1.3880 level. With a lack of high-impacting macro-economic data from the United Kingdom on Monday, sterling traders are likely to focus on negotiations centering around the current United States government shutdown.
The GBPUSD pair remains intraday bearish while trading below the 1.3880 level, key downside targets for the pair are 1.3810 and 1.3720.
Should price-action on the GBPUSD pair start to trade above the 1.3880 level, attention may shift back toward the 1.3944 and 1.4000 resistance levels.