The British pound has moved sharply higher against the US dollar, after the release of better than expected first fiscal quarter UK GDP numbers. The GBPUSD pair has now recovered above the 1.3100 level and is intraday bullish while trading above the 1.3146 level. Buyers will now try to move price above the 1.3205 level, while sellers will look to force the pair back below the 1.3146 level.
The GBPUSD pair is intraday bullish while trading above the 1.3146 level, key resistance is currently found at the 1.3205 and 1.3240 levels.
If the GBPUSD pair moves below the 1.3146 level, key technical support is found at the 1.3115 and 1.3100 levels.
