The British pound is starting to push higher against the US dollar after the pair found strong technical support from the 1.2450 level earlier today. Technical analysis shows that gains above the 1.2520 level should encourage more technical buying towards the 1.2600 level. A sustained loss of the 1.2450 support level could cause the GBPUSD pair to drop towards the 1.2330 level.
The GBPUSD pair is only bullish while trading above the 1.2520 level, key resistance is found at the 1.2600 and 1.2640 levels.
The GBPUSD pair is only bearish while trading below the 1.2520 level, key support is found at the 1.2450 and 1.2330 levels.
