GBPUSD STILL BULLISH ABOVE 1.3194
The British pound continues to advance above the 1.3200 level against the US dollar, following the release of better than expected UK PMI Services data. The GBPUSD pair is likely to advance towards the 1.3250 region if buyers can keep the price above the 1.3194 level. Buyers will try for further extended gains toward the 1.3300 level, while sellers will target the 1.3170 level and lower.
The GBPUSD pair remains bullish while trading above the 1.3195 level, key resistance is found at the 1.3249 and 1.3300 levels.
If the GBPUSD pair trades below the 1.3194 level, support is found at the 1.3170 and 1.3144 support levels.