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GBPUSD: Remains Vulnerable, Extends Weakness

GBPUSD: The pair remains vulnerable to the downside with more weakness expected. Support lies at the 1.3600 level where a break will turn attention to the 1.3550 level. Further down, support lies at the 1.3500 level. Below here will set the stage for more weakness towards the 1.3450 level. Conversely, resistance stands at the 1.3700 levels with a turn above here allowing more strength to build up towards the 1.3750 level. Further out, resistance resides at the 1.3800 level followed by the 1.3850 level. On the whole, GBPUSD remains biased to downside.

GBPUSD: Remains Vulnerable, Extends Weakness

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