GBPUSD struggling with 1.2800 level
The British pound is struggling to break above the 1.2800 level against the US dollar, as near-term Brexit risks are containing the upside in the pair. Despite GBPUSD bulls failure to surpass the 1.2800 level, the intraday sentiment towards the pair is bullish while price trades above the 1.2740 level. Traders now await the release of the Bank of England Credit Condition survey.
The GBPUSD pair is intraday bullish while trading above the 1.2740 level, key technical resistance remains at the 1.2810 and 1.2900 levels.
If the GBPUSD pair trades under the 1.2740 level, sellers are likely to test the 1.2700 and 1.2660 levels.