GBPUSD BIAS SHIFTS TO BEARISH BELOW 1.3155 LEVEL
The British pound has slumped towards the 1.3100 level against the US dollar, after monthly inflation data from the United Kingdom came in weaker than expected. The GBPUSD pair is intraday bearish while trading below the 1.3155 level, sellers will look for a sustained break below the 1.3100 level. Low expectations from upcoming Brexit talks is also containing the upside in sterling.
The GBPUSD pair is intraday bearish while trading below the 1.3155 level, key support is now found at the 1.3100 and 1.3070 levels.
If the GBPUSD pair moves above the 1.3155 level, buyers may test towards the 1.3200 and 1.3258 levels.