GBPUSD under trendline support
The British pound continues to struggle below the 1.3100 level against the US dollar as traders continue to suffer from Brexit fatigue. The GBPUSD pair remains technically weak while trading below trendline support and may weaken below the 1.3000 level. The 1.2940 level currently offers the strongest form of technical support below the psychological 1.3000 support level.
The GBPUSD pair is only bullish while trading above the 1.3100 level, key intraday resistance remains at the 1.3125 and 1.3265 levels.
If the GBPUSD pair trades under the 1.3070 level, key intraday support is found at the 1.3000 and 1.2940 levels.