GBPUSD 1.3100 still key support
The British pound has opened the new trading week slightly lower against the US dollar as news reports surface that British PM Theresa May is coming under pressure to resign. The GBPUSD pair only has a weekly bearish bias while trading under the 1.3100 level, with critical technical support found at the 1.2970 level. If bulls move price above the 1.3200 level, the 1.3300 level remains the key weekly resistance area to watch.
The GBPUSD pair is only bearish while trading below the 1.3100 level, key technical support is found at the 1.3000 and 1.2970 levels
If the GBPUSD pair trades above the 1.3200 level, buyers may test towards the 1.3255 and 1.3300 resistance levels.