GBPUSD STRONG REJECTION FROM 1.3300 LEVEL
The British pound remains under selling pressure against the greenback, after price was strongly rejected from the 1.3300 level during the European trading session. The GBPUSD pair currently trades back towards the 1.3258 support level, as bearish downside pressures persist. Traders now look towards the release of key Inflation, Jobs and GDP data from the United States economy.
The GBPUSD pair is strongly bearish while trading below the 1.3300 level, key intraday support is located at the 1.3258 and 1.3200 levels.
If the GBPUSD pair moves above the 1.3300 level, we may see price bounce towards the 1.3355 and 1.3370 resistance levels.