• The GBP/USD pair declined on Tuesday as investors betted that U.S. interest rates could rise by year-end while British rates may also be cut again.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 1.3224 is likely to act as strong barrier to the bulls and bring a further decline towards lower levels.
   
• To the upside, immediate resistance can be seen at 1.3143, a break above this level would expose the cable to next resistance level at 1.3185.
   
• To the downside immediate support can be seen at 1.3060, a break below at this level will open the door towards next level at 1.3000.
  
  Resistance Levels
  
  R1:  1.3143 (50% Retracement level)       
  
  R2: 1.3185 (Aug 19th high)            
  
  R3: 1.3224 (61.8% Retracement level)
  
  Support Levels
  
  S1: 1.3060 (38.2% Retracement level)                    
  
  S2: 1.3000 (Psychological levels)
  
  S3: 1.2959 (23.6% Retracement level)