GBPUSD STRONGLY BEARISH BELOW 1.3186 LEVEL
The British pound continues to fall to fresh yearly trading-lows against the US dollar, with the GBPUSD pair earlier falling to 1.3152, marking its lowest trading level since November 2017. The GBPUSD pair came under heavy technical selling pressure after falling below the 1.3200 level yesterday, with price currently trades around the 1.3160 region. Further technical selling seems likely while sterling trades below the former swing-high, at 1.3186.
The GBPUSD pair is strongly bearish while trading below the 1.3186 level, key technical support is now located at the 1.3152 and 1.3110 levels.
If the GBPUSD pair moves above the 1.3186 level, key technical resistance can be found at the 1.3210 and 1.3241 levels.