The British pound has remained under continued selling pressure against the US dollar during the European trading session as no-deal Brexit risks increase. The GBPUSD pair is moving closer to the 1.2810 support level, a sustained move below this key area may accelerate downside pressures towards the 1.2760 level. A wedge pattern can clearly be seen on the lower time frames, with the 1.2760 level key trendline support.
The GBPUSD pair is strongly bearish while trading below the 1.2810 level, key technical support is found at the 1.2760 and 1.2700 levels.
If the GBPUSD pair trades above the 1.2890 level, key resistance remains at the 1.2930 and 1.3000 levels.
