GBPUSD UNDER PRESSURE BELOW 1.2600
The British pound has moved below the 1.2600 level against the greenback after the US dollar index surged higher during the European trading session. The 1.2550 level is the next key support area to watch underneath the 1.2600 level if intraday weakness persists. Sterling traders now await the release of key Retail Sales, PMI Manufacturing and Services data from the United States economy.
The GBPUSD pair is bearish while trading below the 1.2600 level, key support is found at the 1.2550 and 1.2480 levels.
If the GBPUSD pair moves above the 1.2600 level, key resistance is found at the 1.2630 and 1.2665 levels.