GBPUSD testing key intraday support
The British pound is now testing towards key intraday support against the US dollar after fading lower from the psychological 1.3000 level during the European trading session. The 1.2930 level is former resistance now turned key intraday support, a sustained move below this level may accelerate technical selling towards the 1.2890 level. If the 1.2930 support level is defended, we may see a further attempt to break the key 1.3000 level.
The GBPUSD pair bullish while trading above the 1.2930 level, key technical resistance is found at the 1.3000 and 1.3095 levels.
If the GBPUSD pair falls under the 1.2930 level, key support is found at the 1.2890 and 1.2810 levels.