GBPUSD tests triangle support
The British pound has fallen towards key trendline support against the US dollar after British PM Theresa May failed to find the backing for a vote on her Brexit bill in UK Parliament. The GBPUSD pair has a strong intraday bearish bias while trading below the 1.3100 level. If bears can force price below the triangle pattern, heavy technical towards the 1.2970 support region seems increasingly likely.
The GBPUSD pair is heavily bearish while trading below the 1.3100 level, key technical support is found at the 1.3040 and 1.2970 levels
If the GBPUSD pair trades above the 1.3100 level, buyers may test towards the 1.3150 and 1.3200 resistance levels.