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GBPUSD: Bear Pressure Remains Intact

GBPUSD: With the pair reversing its Monday losses during Tuesday trading session, further downside pressure is likely. On the downside, support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level. Conversely, resistance stands at the 1.3300 levels with a turn above here allowing more strength to build up towards the 1.3350 level. Further out, resistance resides at the 1.3400 level followed by the 1.3450 level. On the whole, GBPUSD threatens further downside pressure.

GBPUSD: Bear Pressure Remains Intact

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