GBPUSD ONLY BULLISH ABOVE 1.2882
The British pound remains under pressure against the greenback in early week trade, as investors look past the positive outcome from the EU Summit. The GBPUSD continues to create higher price low, although the pair is only intraday bullish while trading above the 1.2882 level. Sterling traders now look to the return of US markets and a scheduled speech from Bank of Governor Mark Carney later today.
The GBPUSD pair is only intraday bullish while trading above the 1.2882 level, key technical resistance is found at the 1.2920 and 1.3000 levels.
If the GBPUSD pair trades below the 1.2800 level, key support is found at the 1.2755 and 1.2695 levels.