The British pound has moved sharply higher against the US dollar during the European trading session as the greenback comes under pressure across the board. The GBPUSD pair has a bullish weekly trading bias while trading above the 1.2965 level. If bulls can move the GBPUSD pair above the 1.3000 level, the 1.3100 level offers the strongest form of upside technical resistance.
The GBPUSD pair is only bearish while trading below the 1.2965 level, key support is then found at the 1.2900 and 1.2865 levels.
If the GBPUSD pair holds above 1.2965 level, key intraday resistance is found at the 1.3000 and 1.3100 levels.
