The British pound has continued to slide lower against the US dollar during the European trading session, as sentiment towards the pair turns increasingly negative. The GBPUSD pair is testing towards the 1.2800 support region, with a move below the 1.2790 level likely to accelerate technical selling towards the 1.2740 support level. Buyers need to move price back above the 1.2930 level to negate the bearish sentiment surrounding the pair in the short-term.
The GBPUSD pair bearish while trading below the 1.2790 level, key technical support is found at the 1.2740 and 1.2710 levels
If the GBPUSD pair moves above the 1.2880 level, buyers may test towards the 1.2900 and 1.2930 levels.
