GBPUSD TURNING BEARISH BELOW 1.3205
The British pound has fallen sharply lower against the US dollar, hitting 1.3169, after US President Trump warned British Prime Minister Theresa May that a soft Brexit plan would harm trade-relations between the US and the UK. The GBPUSD pair has now broke its established trading-range between the 1.3200 and 1.3300 levels and is turning bearish. Sellers will look to target the 1.3150 level, while buyers will once again try to reclaim the 1.3205 level.
The GBPUSD pair is bearish while trading below the 1.3205 level, key support is found at the 1.3150 and 1.3101 levels.
If the GBPUSD pair starts to once again trade above the 1.3205 level, buyers will target the 1.3255 and 1.3300 levels.