March 5, OctaFX – The British pound is under selling pressure against the greenback on Tuesday, with the pair now trading below the key 1.3200 support level.
GBPUSD technical analysis
The GBPUSD pair is now testing minor support around the 1.3170 level, with key weekly support below, at 1.3100. Technicals indicators on the four-hour time suggest that the GBPUSD pair has further scope to trade lower in the short-term.
The GBPUSD pair is bearish while trading below the 1.3200 level, key technical support is found at the 1.3155 and 1.3100 levels
If the GBPUSD pair trades above the 1.3200 level, buyers may test towards the 1.3230 and 1.3260 resistance levels.
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