The British pound is on the rise against the US dollar this morning, with the pair hitting a new multi-year high around the 1.3760 level. Dip-buyers may be looking for a chance to enter into the established bullish trend if the GBPUSD pullbacks towards the 1.3700 level. Overall, the GBPUSD pair has scope to advance towards the 1.3800 and possibly the 1.3900 level over the coming days.
The GBPUSD pair is only bullish while trading above the 1.3690 level, key resistance is found at the 1.3760 and the 1.3800 levels.
If the GBPUSD pair trades below the 1.3690, sellers may test the 1.3660 and 1.3610 support levels.
