GBPUSD STILL BULLISH DESPITE PULLBACK
The British pound is starting to correct lower against the US dollar, after finding strong technical resistance from the 1.3243 level earlier today. The GBPUSD pair is being driven lower by bearish Brexit headlines but retains a strong intraday bullish bias while trading above the 1.3160 level. Buyers will likely aim for the 1.3300 level, while sellers need to move price back under the 1.3122 level.
The GBPUSD pair is strongly bullish while trading above the 1.3160 level, key resistance is now found at the 1.3243 and 1.3300 levels.
If the GBPUSD pair moves below the 1.3160 level, key support is found at the 1.3122 and 1.3055 levels.