GBP/USD Continues To Face Further Bearishness Pressure

GBP/USD: The pair looks to weaken further having continued to threaten more bear pressure. On the downside, support lies at the 1.2950 level where a break will turn attention to the 1.2900 level. Further down, support lies at the 1.2850 level. Below here will set the stage for more weakness towards the 1.2800 level. Conversely, resistance stands at the 1.3050 levels with a turn above here allowing more strength to build up towards the 1.3100 level. Further out, resistance resides at the 1.3150 level followed by the 1.3200 level. On the whole, GBP/USD threatens further downside pressure.

GBP/USD Daily Chart

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