The British pound is testing towards trendline resistance against the US dollar as the pair consolidate ahead of today’s key EU meeting over Brexit. Bulls will need to hold price above the 1.3100 level in order for the GBPUSD pair to advance towards the 1.3180 level. Sellers will need to move price below the 1.2980 level to accelerate downside pressures over the medium-term.
The GBPUSD pair is only bullish while trading above the 1.3100 level, key intraday resistance is found at the 1.3180 and 1.3255 levels.
If the GBPUSD pair trades under the 1.2980 level, key intraday support is found at the 1.2940 and 1.2750 levels.
