The British pound remains under pressure against the US dollar currency in the short-term, following yesterday’s drop towards the 1.3130 area. Technical analysis shows that the GBPUSD pair could still fall towards the 1.3100 support level while trading under the 1.3200 resistance area. Bulls need to anchor the GBPUSD pair above the 1.3225 level to encourage a test of the 1.3350 area.
The GBPUSD pair is only bearish while trading below the 1.3200 level, key support is found at the 1.3130 and 1.3100 levels.
If the GBPUSD pair trades above the 1.3200 level, key resistance is found at the 1.3225 and 1.3350 levels
