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GBPUSD: Vulnerable, Sees Price Extension

GBPUSD: The pair weakened further during Friday trading session opening the door additional weakness. Support lies at the 1.3050 level where a break will turn attention to the 1.3000 level. Further down, support lies at the 1.2950 level. Below here will set the stage for more weakness towards the 1.2900 level. Conversely, resistance stands at the 1.3150 levels with a turn above here allowing more strength to build up towards the 1.3200 level. Further out, resistance resides at the 1.3250 level followed by the 1.3300 level. On the whole, GBPUSD continues to face further downside pressure.

GBPUSD: Vulnerable, Sees Price Extension

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