Our last projection for the GBPUSD still applies after the market fell below the daily trend support at 1.3280, which could lead to more pressure over the market.
As we see from the previous chart, Intraday prices show resistance around 1.3325, where as long as prices hold below it, more of a drop toward targets and supports 1.3160 and 1.3010 is likely. Each support could push for a rebound.
The first support at 1.3160 managed to cause a rebound in the last three trading days as more of a drop toward 1.3010 is still expected.
Below 1.3010 more of a drop toward 1.2705 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.3160 | 1.3325 |
| LEVEL2 | 1.3010 | 1.3450-60 |
| LEVEL3 | 1.2860 | 1.3630-60 |