GBPUSD SLIPS UNDER 1.3000
The GBPUSD pair has slipped under the 1.3000 level, as mild profit taking, month end trading flows, and U.S dollar strength pulled the pair lower during the U.S session.
So far the pair has found technical support from the H1 time frame, 50 period moving average, at 1.2960. The pair now looks to U.S personal spending and wage data for next directional move.
In the short term, the GBPUSD pair remains under selling pressure whilst trading beneath the 1.2990 technical level.
Short and medium support beneath 1.2960 level is limited, with only the 1.2897 level offering any noteworthy support for the pair.
To the upside, resistance for the pair is now located at 1.3005, the intraday trading high at 1.3030, and the yearly GBPUSUD price high at 1.3048.