GBPUSD: Remains Under Pressure Eyes Further Weakness…
The GBPUSD remains in a corrective pullback mode, and further down couldn’t be ruled out as long as the pair trades below 1.3135/1.3083 resistance on a daily closing basis. Support comes at 1.2990 levels. A halt is likely but a cut would open 1.2930, further down, support comes at 1.2850 levels.
On the upside, resistance comes at 1.3083/1.3135 levels. A sustained breakout – daily closing- back above that level will bring limited gains to 1.3217 levels Above 1.3217 will challenge 1.3272 levels.
In conclusion: The GBPUSD sees fall threats below 1.3083/1.3135 levels…
Support: 1.2990, 1.2930, 1.2850, 1.2790
Resistance: 1.3083, 1.3135, 1.3217, 1.3272
Key data/events which may affect GBPUSD today:
- U.S Nonfarm Payrolls (Dec) at 13:30 GMT.
- U.S Unemployment Rate (Dec) at 13:30 GMT.