The British pound has started to recover higher against the US dollar on Tuesday, after finding strong technical support from the 1.3070 level earlier today. The GBPUSD pair can only recover higher while price continues to hold firm above the key 1.3100 level. GBPUSD sellers will now target extended losses below the 1.3080 level, while GBPUSD buyers will continue to target gains above the 1.3155 resistance level.
The GBPUSD pair is only bearish while trading below the 1.3100 level, key technical support remains at the 1.3080 and 1.3050 levels.
If the GBPUSD pair holds above the 1.3100 level, key intraday resistance is found at the 1.3155 and 1.3194 levels.
