GBPUSD FURTHER UPSIDE EXPECTED ABOVE 1.3155

The British pound continues to press higher against the greenback on Wednesday, with short-term bulls retaining control of the GBPUSD pair. Further intraday upside now seems likely if buyers can sustain the price above the key 1.3155 resistance level. The 1.3205 level remains a major target for sterling bulls, while sellers will look to take back short-term of the GBPUSD pair below the 1.3080 level.

• The GBPUSD pair is strongly bullish while trading above the 1.3155 level, key resistance is found at the 1.3205 and 1.3235 levels.

• If the GBPUSD pair falls below the 1.3100 level, key support is found at the 1.3080 and 1.3050 levels.