GBPUSD bulls still in control of price action
The British pound continues to trade around the best levels of the year so far against the greenback, with bulls retaining firm control of price action during the European trading session. Further intraday gains remain likely while price trades above the GBPUSD pairs daily pivot point, which is located at the 1.2762 level. Buyers ideally need a strong move above the 1.2810 resistance level to trigger heavy technical buying.
The GBPUSD pair strongly intraday bullish while trading above the 1.2810 level, key technical resistance is found at the 1.2860 and 1.2900 levels.
If the GBPUSD pair trades under the 1.2760 level, sellers are likely to test the 1.2740 and 1.2700 levels.