Pound Sterling Price News and Forecast: GBP/USD bears take on the critical support area

GBP/USD looks to UK jobs, Brexit to defend 1.4100

GBP/USD remains sidelined above 1.4100, recently taking offers around the intraday low of 1.4105 by the press time of the early Asian session on Tuesday. The cable dropped to the lowest since mid-May before bouncing off 1.4070 the previous day. Even so, Brexit woes join the pre-data cautious sentiment to test the pair’s corrective pullback. UK PM Johnson officially announced four-week delay to earlier June 21 unlock deadline.

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GBP/USD Price Analysis: Bears testing bullish commitments at key support

GBP/USD has been pressured in recent trade and is now testing the critical short term support and psychological 1.41 level. However, the prospects of a near term downside continuation are limited by the potential reverse head and shoulders in the making on the hourly chart. The price is trading between a weekly 38.2% Fib support area and the resistance of the daily highs and sideways channel. 

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