GBPUSD may reverse in the 1.3350-1.3500 level

GBPUSD is approaching a key resistance level near 1.3500. Over the last few weeks, GBPUSD is on a bullish trend thanks to a very weak US Dollar.

However, after reaching the 1.3350-1.3500 resistance level, GBPUSD may do a deep pullback towards 1.27.

Watch for bearish price action in the level that I have highlighted in my chart and then look for some good sell entries.