GBPUSD Still bearish
The British pound is struggling to hold above the 1.3300 level against the US dollar currency as traders remain cautious amidst ongoing Brexit news. Weakness under the 1.3200 support level is currently required to accelerate GBPUSD selling towards the 1.3000 level. To the upside, a sustained breakout above the 1.3470 level is needed to shift the negative trading bias towards the pair.
If the GBPUSD pair trades above the 1.3300 level, key resistance is found at the 1.3410 and 1.3470 levels.
The GBPUSD pair is only bearish while trading below the 1.3300 level, key support is found at the 1.3200 and 1.3160 levels.