GBPUSD STERLING BEARS WATCHING 1.3101 LEVEL
The British pound has fallen towards the lowest trading of 2018 against the US dollar, after Bank of England Governor Mark Carney warned of growing global risks on Wednesday. The GBPUSD pair remains under selling pressure, as traders closely watch the current yearly trading-low, at 1.3101. Sellers will try to break the 1.3101 support level, while buyers will look for a bullish double-bottom pattern above 1.3101.
The GBPUSD pair will turn strongly bearish below the 1.3101 level, key support is found at the 1.3065 and 1.3033 levels.
If the GBPUSD pair trades above the 1.3142 level, key technical resistance is found at the 1.3160 and 1.3193 levels.