STERLING BEARISH BELOW 1.3190
The British pound has slipped lower against the U.S dollar, hitting 1.3163, with broad strength in the U.S dollar index behind the current decline. The GBPUSD pair currently trades around the 1.3170 level, with the economic calendar remaining fairly light heading into today's U.S session. Pound traders will likely be cautious, ahead of the release of third fiscal quarter GDP figures from the UK economy on Tuesday.
The GBPUSD pair remains bearish while trading below the pivotal 1.3189 level. Further declines can be expected while trading below the 1.3189 level, with sellers targeting the 1.3146 and 1.3116 levels. Extended intraday resistance is seen at 1.3087.
Should price-action move above the 1.3189 level, buyers will look to target the 1.3200 level, and the key 1.3227 price-high.