GBPUSD testing towards range low
The British pound is weakening towards the worst level of the week against the US dollar as Brexit uncertainty continues to dominate sterling’s trading action. The 1.3190 to 1.3300 is the currently weekly price range, with a sustained break below the 1.3190 level likely to prompt further losses towards the 1.3100 support level. Alternatively, a sustained move above the 1.3300 level could trigger buying interest towards the 1.3400 level.
The GBPUSD pair is only bullish while trading above the 1.3300 level, key technical resistance is found at the 1.3349 and 1.3400 levels
If the GBPUSD pair trades below the 1.3190 level, sellers may test towards the 1.3155 and 1.3100 support levels.