GBPUSD probing breakdown support
The British pound remains extremely weak against the US dollar during, with the pair trading closer to an even larger technical breakdown. The GBPUSD pair offers only limited technical support if the 1.2772 is broken, with the 1.2660 level the likely bearish target. The daily time frame is also showing that sellers are moving closer to invalidating a bullish inverted head and shoulders pattern.
The GBPUSD pair is heavily bearish while trading below the 1.2772 level, key support is found at the 1.2710 and 1.2660 levels.
If the GBPUSD pair trades holds above the 1.2772 level, key intraday resistance is found at the 1.2790 and 1.2830 levels.