The British pound trades close to key intraday resistance against the US dollar, ahead of a raft of important economic data from the United Kingdom economy this morning. Buyers need to hold price above the 1.3155 resistance level to regain short-term control of the GBPUSD pair, while sellers will look to breach the 1.3100 support level to accelerate earlier losses.
The GBPUSD pair is only intraday bearish while trading below the 1.3155 level, key support is found at the 1.3100 and 1.3050 levels.
If the GBPUSD pair moves above the 1.3155 level, key resistance is found at the 1.3179 and 1.3200 levels.
