GBPUSD looks to weaken further on bear threats as it closed lower for a third day in a row. Support lies at 1.2950 as it look for more weakness. Below that level will open the door for more decline towards 1.2900 level. Further down, support comes in at the 1.2850 level where a break will turn focus to the 1.2800 level. Further down, support lies at the 1.2850 level. On the upside, resistance stands at the 1.3050 with a turn above here allowing for additional strength to build up towards the 1.3100 level. Further out, resistance stands at the 1.3150 level followed by the 1.3200 level. On the whole, GBPUSD looks to weaken further on bear threats.
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