GBPUSD PAIR STILL BEARISH BELOW 1.4087 LEVEL
The British pound has recovered towards the 1.4060 level against the greenback, as the U.S dollar index slips back below the 90.00 key level. The GBPUSD pair is currently trading around the 1.4050 level, with the sentiment surrounding the pair still bearish whilst price-action trades below the 1.4087 level. With a lack of macroeconomic data releases on Friday, the U.S dollar index and technical traders are likely to be the main driver force behind intraday price movements.
The GBPUSD pair remains bearish whilst trading below the 1.4087 level, key support is now found at the 1.4031 and 1.4000 levels.
Key intraday resistance is currently located at the 1.4087 level, GBPUSD sentiment will turn bullish once price moves above this pivotal level. Key technical resistance is then found at the 1.4146 and 1.4200 levels.