GBPUSD ONLY INTRADAY BULLISH ABOVE 1.3270
The British pound has moved towards the top-end of its recent short-term trading-range against the US dollar, as the greenback moves lower in early-week trading. The GBPUSD pair continues to probe towards the 1.3300 level, but has so failed to gain traction above this key level. Buyers will need to break the former weekly-high of 1.3313 to keep the bullish upside momentum intact, while sellers will look for continued technical failure below 1.3300 level.
The GBPUSD pair is only intraday bullish while trading above the 1.3300 level, key technical resistance is now located at the 1.3313 and 1.3349 levels.
If the GBPUSD pair moves below the 1.3270 level, key technical support can be found at the 1.3240 and 1.3215 levels.