GBPUSD: Vulnerable, Looks To Follow Through Lower

Mohammed Isah FXTechstrategy

GBPUSD: The pair saw price weakness on Friday and now looks to follow through lower in the days ahead. Support lies at the 1.4050 level where a break will turn attention to the 1.4000 level. Further down, support lies at the 1.3950 level. Below here will set the stage for more weakness towards the 1.3900 level. Conversely, resistance stands at the 1.4150 levels with a turn above here allowing more strength to build up towards the 1.4200 level. Further out, resistance resides at the 1.4250 level followed by the 1.4300 level. On the whole, GBPUSD looks to correct lower.

Interested in GBPUSD technicals? Check out the key levels

1. R3 1.4256
2. R2 1.4201
3. R1 1.4107
PP 1.4052
1. S1 1.3957
2. S2 1.3902
3. S3 1.3807

Author

Mohammed Isah

FXTechstrategy

Mohammed Isah is a technical strategist and head of research at FXTechstrategy.com, a technical-research Web site. He has been trading and analyzing the foreign exchange market since 2010.

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