GBPUSD: Continues To Face Further Bearishness Pressure

[FXTechstrategy.com]

GBPUSD: The pair looks to weaken further having continued to threaten more bear pressure. On the downside, support  lies at the 1.2950 level where a break will turn  attention to the 1.2900 level. Further down, support  lies at the 1.2850 level. Below here will set the stage  for more weakness towards the 1.2800 level. Conversely, resistance stands at the 1.3050 levels with  a turn above here allowing more strength to build up  towards the 1.3100 level. Further out, resistance  resides at the 1.3150 level followed by the 1.3200 level. On the whole, GBPUSD threatens further downside pressure.