GBPUSD FALLING BELOW KEY DAILY SUPPORT
The British pound has fallen below key daily support against the US dollar as buyers failed to move price back above the 1.3300 level. The GBPUSD pair has also started to come under pressure as the greenback recovers higher, after slipping back towards the 94.00 level on Tuesday. Sellers will continue to press for losses below the 1.3205 level, while buyers will look to reclaim the key 1.3255 level.
The GBPUSD pair is bearish while trading below the 1.3255 level, key support is found at the 1.3205 and 1.3142 levels.
If the GBPUSD pair starts to trade above the 1.3255 level, buyers are likely to test towards the 1.3280 and 1.3300 levels.