GBPUSD 1.3266 support

The British pound is trading back under the 1.3300 level against the US dollar currency, following a broad-based recovery in the greenback. Bulls need to defend a key former breakout area, around the 1.3266 level, to avoid a further sell-off towards the 1.3150 area. Traders that are bullish towards the pair may await a deeper price retracement to enter back into the prevailing bullish trend.

• The GBPUSD pair is only bearish while trading below the 1.3300 level, key support is found at the 1.3266 and 1.3150 levels. 

• If the GBPUSD pair trades above the 1.3300 level, key resistance is found at the 1.3350 and 1.3470 levels