The British pound has fallen to a fresh monthly trading low against the US dollar, following a lack of buying interest above the 1.2800 level during the European trading session. The GBPUSD pair has fallen towards the 1.2760 support level and is strongly bearish while trading below the 1.2785 level. Sellers are now increasingly likely to test towards the current 2018 trading low during the US session.
The GBPUSD pair is strongly bearish while trading below the 1.2785 level, key support is found at the 1.2730 and 1.2660 levels.
If the GBPUSD pair moves above the 1.2800 level, buyers are likely to test towards the 1.2820 and 1.2840 resistance levels.
