GBPUSD approaching key support

The British pound is correcting lower against the US dollar, as traders start to exit positions ahead of Tuesday’s key Brexit vote in UK Parliament. The GBPUSD is fast approaching the 1.3130 level, a move below this support level will likely trigger additional selling towards the important 1.3095 area. Buyers must now reclaim the 1.3170 level in order to maintain recent bullish pressure.

• The GBPUSD pair is intraday bearish while trading below the 1.3130 level, key technical support is found at the 1.3095 and 1.3055 levels

• If the GBPUSD pair trades above the 1.3170 level, key resistance is found at the 1.3200 and 1.3250 levels.