GBPUSD testing trendline resistance
The British pound has found renewed buying interest against the US dollar, with price now trading above the former weekly trading high. The GBPUSD pair is strongly bullish while trading above the 1.2738 level, although buyers have so far failed to break above key trendline resistance. Further advancement towards the 1.2800 level remains possible if the upper trendline is clearly breached.
The GBPUSD pair is strongly bullish while trading above the 1.2738 level, key resistance is found at the 1.2750 and 1.2800 levels.
If the GBPUSD pair trades below the 1.2700 level, sellers may test towards the 1.2655 and 1.2600 support levels.