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GBPUSD: Loses Upside Momentum, Vulnerable

GBPUSD: Having the pair lost upside pressure to close lower on Thursday, more weakness is likely. On the downside, 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 threatens further downside pressure though with caution

GBPUSD: Loses Upside Momentum, Vulnerable

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