GBPUSD TURNING BEARISH BELOW 1.3300
The British pound has fallen back below the key 1.3300 level against the US dollar, following a strong rebound higher in the value of the US dollar index on Thursday. The GBPUSD pair is currently testing key support around the 1.3258 level, after sterling buyers failed to gain traction above the 1.3300 handle. Traders now look towards key PMI data from the UK economy, and the release of the US Non-farm payrolls job report later today.
The GBPUSD pair is now intraday bearish while trading below the 1.3300 level, key support is located at the 1.3258 and 1.3226 levels.
If the GBPUSD pair moves back above the 1.3300 level, we may see technical buying towards the 1.3346 and 1.3400 levels.