The British pound continues to suffer intraday losses against the US dollar currency, with the pair falling towards the 1.2450 support level. The GBPUSD pair may fall towards the 1.2450 support level if the currently weekly low, around the 1.2480 level, is broken. Overall, the GBPUSD pair has a strong intraday bearish bias while price trades below the 1.2580 resistance level.
If the GBPUSD pair trades above the 1.2580 level, key resistance is found at the 1.2610 and 1.2650 levels.
The GBPUSD pair is only bearish while trading below the 1.2550 level, key support is found at the 1.2480 and 1.2450 levels.