The British pound is trading above the 1.3100 level against the US dollar, following the release of more bullish data from the United Kingdom economy. A bullish triangle breakout is currently underway which could see the GBPUSD pair testing towards the 1.3190 resistance level. At this stage only a sharp reversal back under the 1.3100 level would bearish for the GBPUSD pair.
The GBPUSD pair is only bullish while trading above the 1.3100 level, key resistance is found at the 1.3190 and 1.3250 levels.
The GBPUSD pair is only bearish while trading below the 1.3100 level, key support is found at the 1.2960 and 1.2900 levels.
