The British pound has seen a sharp reversal from the 1.3190 level against the US dollar, leaving the pair bearish over the short-term. Traders are now likely to sell the GBPUSD pair towards the 1.3055 level, although the 1.2900 level remains the wider goal. Only a sustained move above the 1.3190 resistance level would cause short-term traders to turn bullish towards the GBPUSD pair.
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 1.2900 levels.
