The British pound is coming under selling pressure towards the 1.3050 support level against the US dollar after buyers failed to break key trendline resistance on the four-hour time frame. The GBPUSD pair may weaken towards the 1.3000 level if sellers can move price below key trendline support. The 1.3180 level is now acting as the strongest form of daily resistance for the GBPUSD pair.
If the GBPUSD pair trades below the 1.3050 level, key support is found at the 1.3000 and 1.2970 levels.
If buyers move price above the 1.3100 level, key resistance is found at the 1.3155 and 1.3180 levels.
