The British pound is on the rise against the US dollar as the pair attempts to move above the technically important 1.3100 resistance level. Buyers ideally need to hold price above the 1.3190 level to encourage the notion that the bullish trend in the GBPUSD pair is about the resume. Failure around current levels could provoke technically selling back towards the 1.3000 support level.
The GBPUSD pair is only bullish while trading above the 1.3190 level, further upside towards the 1.3250 and 1.3380 levels then seems possible.
If the GBPUSD pair trades below the 1.3190 level, key support is found at the 1.3055 and 1.3000 levels.
