GBPUSD STRONGLY BEARISH BELOW 1.3355 LEVEL
The British pound continues to trade to the downside against the US dollar, after breaching a series of key technical support levels on Friday. The GBPUSD pair currently trades around the 1.3325 level and remains under heavy pressure after closing the former trading week below the key 1.3300 level. Traders will look for further weakness below the 1.3300 level, while watching the key 94 level on the US dollar index.
The GBPUSD pair is strongly bearish while trading below the 1.3355 level, key intraday support is located at the 1.3300 and 1.3258 levels.
If the GBPUSD pair moves above the 1.3355 level, buyers may try to push price towards the 1.3380 and 1.3400 resistance levels.