GBPUSD AWAITING UK SERVICES DATA
The British pound is trading close to the 1.3000 level against the US dollar after giving back gains following Friday’s impressive Nonfarm payrolls job report from the US economy. The intraday bias surrounding the GBPUSD pair remains bullish while price continues to trade above the 1.2950 support level. Traders now await key PMI Services data from the United Kingdom economy this morning.
The GBPUSD pair is only bullish while trading above the 1.2950 level, key resistance is now found at the 1.3040 and 1.3100 levels.
If the GBPUSD pair moves below the 1.2950 level, sellers may test towards the 1.2900 and 1.2866 support levels.