The British pound remains under heavy pressure against the US dollar currency after tumbling towards the 1.3000 area over Brexit concerns. Technical analysis shows that the 1.2860 level is the strongest form of support for the GBPUSD pair below the 1.2930 level. To the upside, the 1.3000 level now becomes former key support turned key intraday resistance for the GBPUSD pair.
The GBPUSD pair is only bearish while trading below the 1.3000 level, key support is found at the 1.2900 and 1.2860 levels.
If the GBPUSD pair trades above the 1.3000 level, key resistance is found at the 1.3100 and 1.3170 levels
