GBPUSD technically weak
The British pound is starting to slip below the 1.3100 level against the US dollar as trader remain unimpressed with the latest Brexit deadline extension. The GBPUSD pair is technically weak while trading below the 1.3100 level and could fall towards the 1.2980 level. The MACD indicator on the four-hour time frame is also trending lower as selling pressures start to build.
The GBPUSD pair is only bullish while trading above the 1.3100 level, key intraday resistance is found at the 1.3125 and 1.3265 levels.
If the GBPUSD pair trades under the 1.3100 level, key intraday support is found at the 1.3030 and 1.2980 levels.