The British pound has fallen to a new monthly trading low against the US dollar
as the bearish head and shoulders
pattern break is increasing technical selling on the pair. The 1.2880 level is critical support below the 1.2900 level, with the 1.2840 level acting as extended intraday support. GBPUSD
bulls need to move price above the 1.2960 level to negate immediate bear pressure.
pair is heavily bearish
while trading below the 1.2960 level, key support is found at the 1.2880 and 1.2840 levels.
If the GBPUSD
pair trades above 1.2960 level, key intraday resistance is found at the 1.2975 and 1.3000 levels.