GBPUSD WATCHING 1.2940 RESISTANCE LEVEL
The British pound has moved towards the 1.2900 level against the US dollar after British PM Theresa May moved closer to securing a soft Brexit deal for the United Kingdom. The GBPUSD pair retains an intraday bullish bias while trading above the 1.2880 level. If buyers can break the above the upper trendline, at 1.2940, further upside towards the 1.3100 level would then seem possible.
The GBPUSD pair is intraday bullish while trading above the 1.2880 level, key technical support remains at the 1.2940 and 1.3000 levels.
If the GBPUSD pair trades below the 1.2880 level, a correction towards the 1.2820 and 1.2790 level remains possible.