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GBPUSD: Risk Builds Up On The 1.2865 Zone

GBPUSD: The pair continues to target further weakness after closing lower the past week. It now targets it key support located at 1.2865 level. On the downside, support lies at the 1.2900 level where a break will turn attention to the 1.2865 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2800 level. Conversely, resistance stands at the 1.3000 levels with a turn above here allowing more strength to build up towards the 1.3050 level. Further out, resistance resides at the 1.3100 level followed by the 1.3150 level. On the whole, GBPUSD threatens further downside pressure.

gbpusdweekly

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