GBPUSD key support holding
The British pound has fallen back towards key intraday support against the US dollar as uncertainty gathers, ahead of the third vote for British PM Theresa May’s Brexit bill. Bulls have so far defended the ey k1.3240 support level, although the MACD indicator on the four-hour time frame shows scope for further downside. Bulls must break above the 1.3300 resistance level to encourage the next wave of technical buying in the GBPUSD pair.
The GBPUSD pair is only intraday bullish while trading above the 1.3240 level, key technical resistance is found at the 1.3300 and 1.3388 levels
If the GBPUSD pair trades below the 1.3240 level, sellers may test towards the 1.3200 and 1.3155 support levels.