GBPUSD TURNING BEARISH AHEAD OF UK DATA

The British pound is under selling pressure against the US dollar in early Friday trade, following the release of the FOMC monetary policy statement. The GBPUSD pair is intraday bearish while trading below the 1.3100 level, with the MACD indicator turning lower across the four-hour time frame. Traders now await the release of key GDP and Trade data from the United Kingdom economy this morning.

The GBPUSD pair is bearish while trading below the 1.3100 level, key support is found at the 1.3000 and 1.2955 levels.

If the GBPUSD pair moves above the 1.3100 level, key resistance is found at the 1.3122 and 1.3170 levels.