GBPUSD bearish under 1.2925

The British pound is starting to appear weak against the US dollar after sellers forced the price below the important 1.2925 support level. The GBPUSD pair is at a serious risk of falling back towards the 1.2810 support level while trading below the 1.2925 level. Overall, GBPUSD buyers need to gain traction above the 1.2925 level to force a major technical test of the 1.2990 level.

• If the GBPUSD pair trades below the 1.2925 level, key support is found at the 1.2810 and 1.2720 levels.
• If the GBPUSD pair trades above the 1.2925 level, key resistance is found at the 1.2990 and 1.3020 levels.