The British pound is moving higher against the US dollar, as the greenback comes under technical selling pressure across the board on Tuesday. GBPUSD bulls may test towards the 1.3000 level if they gain traction above key resistance, around the 1.2970 level. Failure to overcome the 1.3000 level could result in the GBPUSD pair being sold heavily back towards the 1.2900 level.
The GBPUSD pair is only bearish while trading below the 1.2960 level, key support is found at the 1.2870 and 1.2810 levels.
The GBPUSD pair is only bullish while trading above the 1.2960 level, key resistance is found at the 1.3000 and 1.3060 levels.
