•1.3142 has switched to a resistance role following sharp losses by GBP/USD in the European session
•1.3064 is providing support. It is a weak line and could be tested in the North American session
GBP/USD ratio is showing gains in long positions on Friday, consistent with the sharp losses recorded by GBP/USD. Currently, long positions have a majority (54%), indicative of trader bias towards GBP/USD reversing directions and moving higher.