The British pound is under downside pressure against the US dollar after EU officials failed to support British PM Theresa May’s new deal Brexit plan, which won the support of UK lawmakers on Tuesday. The GBPUSD pair is bearish while trading below the pivotal 1.3090 level and could potentially fall towards the 1.3000 level. The US Federal Open Market Committee policy meeting later today is next major risk event for GBPUSD pair.
The GBPUSD pair is bearish while trading below the 1.3090 level, key technical support is found at the 1.3000 and 1.2955 levels
If the GBPUSD pair trades above the 1.3090 level, key resistance is found at the 1.3130 and 1.3200 levels.
