The British pound has tumbled again beneath the 1.3700 assist degree in opposition to the US greenback after the UK posted weaker Retail Gross sales information and the federal government threatened to shut its borders. Technical evaluation highlights that the 1.3660 degree is the important thing intraday pivot level to be careful for when buying and selling the GBPUSD pair. Weak point beneath this key space may trigger the GBPUSD pair to tumble in direction of the 1.3580 space, and probably a lot decrease.
The GBPUSD pair is just bullish whereas buying and selling above the 1.3660 degree, key resistance is discovered on the 1.3700 and the 1.3740 ranges.
If the GBPUSD pair trades under the 1.3660, sellers might take a look at the 1.3620 and 1.3580 assist ranges.