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GBPUSD: Vulnerable, Risk Remains To The Downside

GBPUSD: The pair looks to weaken further as it continues to hold on to its downside pressure. Support lies at the 1.3850 level where a break will turn attention to the 1.3800 level. Further down, support lies at the 1.3800 level. Below here will set the stage for more weakness towards the 1.3750 level. Conversely, resistance stands at the 1.3900 levels with a turn above here allowing more strength to build up towards the 1.3950 level. Further out, resistance resides at the 1.4000 level followed by the 1.4050 level. On the whole, GBPUSD looks to move further lower on pullbacks.

GBPUSD: Vulnerable, Risk Remains To The Downside

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