GBPUSD (1.3097): The British pound broke past the support level at 1.3236 as price continued to push lower. Even the minor support level at 1.3161 was also breached. This signals a continued downside momentum. GBPUSD will be seen testing the lower support at 1.2980 region. Any short term retracements are likely to be limited to the recently breached support level at 1.3236. Establishing resistance here could confirm the downside in the GBPUSD.
