The British pound is testing important upside levels against the US dollar, following a strong recovery from the 1.3000 level earlier this week. Going forward, continued gains above the 1.3065 level should see the GBPUSD pair rallying towards the 1.3180 resistance level. Only a weekly price close below the 1.3000 level can negate the short-term bullish outlook surrounding the pair
The GBPUSD pair is only bullish while trading above the 1.3000 level, key resistance is found at the 1.3065 and 1.3180 levels.
The GBPUSD pair is only bearish while trading below the 1.3000 level, key support is found at the 1.2965 and 1.2900 levels.
