GBPUSD Loses the 1.3300 Support

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The British pound sterling slipped below the support level of 1.3300 on Friday. This comes as Brexit talks come to a head.

For the moment, the lower support near 1.3122 remains the key price point. As long as this support level holds, there is scope for the GBPUSD to push higher.

However, prices will need to break out strongly above the 1.3300 level to continue the uptrend. This will then open the GBPUSD to the upper resistance level of 1.3483.

To the downside, a close below 1.3122 could open the way for the cable to retest the 1.3000 round number support once again.

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