GBP/USD faces further downside pressure as it trades towards the 1.2953 level. Support stands at 1.2950 area with a break below that level turning focus to the 1.2900 level. Further down, support lies at the 1.2850 level where a violation will turn focus to the 1.2800 level. Below here will open the door towards the 1.2750 level.

On the upside, resistance is located at the 1.3050 with a break above there allowing for morel strength to build up towards the 1.3100 level. Further out, resistance stands at the 1.3150 level followed by the 1.3200 level. On the whole, GBP/USD faces further pullback threats.

(Click on image to enlarge)