GBP/USD Lower

GBP/USD lost its gains accumulated throughout the last month and is now back under 1.30. The pair reached a low of 1.2940 and has now slightly recovered, but the pressure can still be felt. No major news are expected tomorrow so we might be in for a steady and calm day.

First support zone is seen at current market price, while first resistance can be found at 1.3021. If immediate support is taken out, bears might try to bring the Sterling down to prior low of 1.2800. On the other hand, a bullish reaction might drive price above its week low and get a close above 1.3050.

Chart: GBP/USD D1