The British pound is starting to trade lower against the US dollar currency after sellers finally came in, following the recent breakout above the 1.3450 level. Traders that are bearish towards the GBPUSD pair may attack to sell any rallies back towards the 1.3450 resistance area. Technical analysis shows that a breakout under the 1.3330 level could provoke further selling towards the 1.3280 area.
The GBPUSD pair is only bearish while trading below the 1.3390 level, key support is found at the 1.3360 and 1.3330 levels.
If the GBPUSD pair trades above the 1.3390 level, key resistance is found at the 1.3450 and 1.3470 levels
