British pound has moved higher against the US dollar after breaking through the 1.2960 resistance level on Tuesday. Bulls need to hold the 1.3000 support level to encourage fresh technical buying towards the 1.3060 level. Overall, the GBPUSD pair still has the potential to fall towards the 1.2770 level IF price trades below the 1.2960 level.
The GBPUSD pair is only bearish while trading below the 1.2960 level, key support is found at the 1.2870 and 1.2810 levels.
The GBPUSD pair is only bullish while trading above the 1.2960 level, key resistance is found at the 1.3000 and 1.3060 levels.
