The British pound has started to attack towards the 1.2880 resistance level against the US dollar as the pair continues to gain upside traction. GBPUSD buyers could target the 1.2940 resistance area if the key 1.2880 level is finally overcome. Overall, GBPUSD dip-buying appears strong and highlights that a medium-term price floor may have been established around the 1.2770 level.
If the GBPUSD pair trades above the 1.2880 level, key resistance is found at the 1.2940 and 1.3000 levels.
If the GBPUSD pair trades below the 1.2880 level, key support is found at the 1.2770 and 1.2710 levels.
