GBPUSD 1.3100 critical support

The British pound is under pressure against the US dollar as the United Kingdom still faces the prospect of leaving the EU without a deal in just seven days time. If the GBPUSD pair once again falls below the 1.3100 support level, the bearish sentiment will increase. Bulls now need to move price above the 1.3200 resistance level in order to stabilize the GBPUSD pair.

The GBPUSD pair is heavily bearish while trading below the 1.3100 level, key technical support is found at the 1.3000 and 1.2970 levels

If the GBPUSD pair trades above the 1.3155 level, buyers may test towards the 1.3200 and 1.3250 resistance levels.