The British pound has started to trade below the key 1.3550 level against the U.S dollar, as the greenback starts to regain upside traction across the board. The GBPUSD pair earlier failed to make a new daily-high above the yearly trading high, found at 1.3613, encouraging traders to turn their attention towards the downside. Price-action currently sits around the 1.3540 level, after an earlier battle between buyers and sellers around the pivotal 1.3550 level. Headed into the U.S session, the directional bias of the U.S dollar index will likely dictate the pairs intraday price movements.
The GBPUSD pair is intraday bearish below the 1.3500 level, key downside targets remain 1.3500 and 1.3467.
Should price-action on the GBPUSD pair trade above the 1.3550 level, attention may shift back toward the 1.3567 and 1.3613 resistance levels.
