GBPUSD BEARISH HEADED INTO THE US SESSION
The British pound trades on the back-foot against the greenback heading into the US session, with price action depressed around the 1.3100 handle. Traders remain cautious ahead of two key central bank policy decisions, which will likely heavily affect the GBPUSD pair. The GBPUSD pair is also trading within a bearish head and shoulders pattern, with the breakout zone located around the 1.3070 level.
The GBPUSD pair is bearish while trading below the 1.3080 level, key support is found at the 1.3050 and 1.3030 levels.
If the GBPUSD pair trades above the 1.3151 level, buyers are likely to test towards the 1.3172 and 1.3205 resistance levels.