GBPUSD FURTHER BEARISH BELOW 1.3150
The British pound remains under heavy selling pressure against the US dollar, with the pair earlier hitting a new 2018 trading-low, at 1.3145, as political uncertainty in the United Kingdom continues to grow. The GBPUSD pair currently trades around the 1.3160 level, ahead of another key Brexit bill vote in the House of Commons later today. Sterling could come under heavy selling pressure later if the UK Conservative Party lose the key vote.
The GBPUSD pair is further bearish while trading below the 1.3150 level, key technical support is now located at the 1.3100 and 1.3062 levels
If the GBPUSD pair moves above the 1.3186 level, intraday technical resistance is found at the 1.3210 and 1.3241 levels.