GBPUSD – The pair continues to retain its downside pressure leaving risk to the downside. Support lies at the 1.3000 level where a break will turn attention to the 1.2950 level. Further down, support lies at the 1.2900 level. Below here will set the stage for more weakness towards the 1.2850 level. Conversely, resistance stands at the 1.3050 levels with a turn above here allowing more strength to build up towards the 1.3100 level. Further out, resistance resides at the 1.3150 level followed by the 1.3200 level. On the whole, GBPUSD remains biased to the upside on correction.
