GBPUSD 1.3000 likely
The British pound currency is under pressure against the US dollar as the greenback gains ground across the board on Thursday. Continued weakness under the 1.3100 level should see the GBPUSD pair testing towards the psychological 1.3000 support level. Should the 1.3000 support barrier break the GBPUSD pair could easily extend losses towards the 1.2900 level.
The GBPUSD pair is only bullish while trading above the 1.3190 level, further upside towards the 1.3250 and 1.3380 levels then seems possible.
If the GBPUSD pair trades below the 1.3190 level, key support is found at the 1.3055 and 1.3000 levels.