GBPUSD DOWNSIDE TO EXTEND BELOW 1.3292
The British pound remains under downside pressure against the US dollar, as the greenback firms above the 94.00 level and Brexit uncertainties persist. The GBPUSD pair currently trades close to the 1.3300 level, with sterling selling likely to accelerate once again if the 1.3292 support level is broken. With a lack of macroeconomic news from the United Kingdom today, the US dollar index is likely to dictate intraday moves in the pair.
The GBPUSD pair is strongly bearish while trading below the 1.3300 level, key intraday support is located at the 1.3292 and 1.3258 levels.
If the GBPUSD pair holds above the 1.3300 level, we may see price bounce towards the 1.3355 and 1.3400 resistance levels.