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GBPUSD: Broader Bias Remains Lower

Summary

GBPUSD: Broader Bias Remains Lower GBPUSD: The pair faces further price weakness despite its present price hesitation. Support lies at the 1.3150 level where a break will turn attention to.

GBPUSD: The pair faces further price weakness despite its present price hesitation. Support lies at the 1.3150 level where a break will turn attention to the 1.3100 level. Further down, support lies at the 1.3050 level. Below here will set the stage for more weakness towards the 1.3000 level. Conversely, resistance stands at the 1.3250 levels with a turn above here allowing more strength to build up towards the 1.3300 level. Further out, resistance resides at the 1.3350 level followed by the 1.3400 level. On the whole, GBPUSD remains biased to downside.