GBPUSD BACK UNDER PRESSURE
The British pound has come under a fresh round of selling pressure against the US dollar on Friday, after buyers failed to move price back above the 1.3400 level. The GBPUSD pair currently trades around the 1.3360 level, after earlier meeting strong selling interest from the 1.3377 resistance level. Moving into the US trading session, traders look towards the release of US Durable Goods Orders and a scheduled speech from FED Chair Jerome Powell.
The GBPUSD pair is bearish while trading below the 1.3400 level, key intraday technical support is located at the 1.3329 and 1.3304 levels.
If the GBPUSD pair moves above the 1.3377 level, buyers may test towards the 1.3400 and 1.3420 resistance levels.