GBPUSD Targets More Weakness On Sell Off

GBPUSD: Having the pair declined sharply on Tuesday, GBPUSD targets more weakness on bear pressure. Support lies at the 1.4250 level where a break will turn attention to the 1.4200 level. Further down, support lies at the 1.4150 level. Below here will set the stage for more weakness towards the 1.4100 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance stands at the 1.4300 level with a turn above here allowing more strength to build up towards the 1.4350 level. Further out, resistance resides at the 1.4400 level followed by the 1.4450 level. On the whole, GBPUSD targets more weakness on bear pressure.