The British pound is testing towards the worse levels of the year so far against the US dollar, following a heavy technical rejection from the 1.3000 level. A break below the 1.2870 level could see the GBPUSD pair tumbling towards the 1.2800 support level. GBPUSD bulls now need to anchor price above the 1.2960 resistance level to secure the pairs short-term prospects.
The GBPUSD pair is only bearish while trading below the 1.2960 level, key support is found at the 1.2840 and 1.2800 levels.
The GBPUSD pair is only bullish while trading above the 1.2960 level, key resistance is found at the 1.3000 and 1.3060 levels.
