The British pound has reversed sharply higher against the US dollar during the European trading session, as optimism towards Brexit increases. A breakout above the 1.3000 level could see the GBPUSD pair advancing towards the 1.3080 resistance level. Only a sustained loss of the 1.2850 support level can negate the current bullish sentiment towards the GBPUSD pair.
If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.3000 and 1.3080 levels.
The GBPUSD pair is only bearish while trading below the 1.2850 level, key support is found at the 1.2770 and 1.2720 levels
