GBPUSD traders awaiting important data
The British pound remains largely unchanged against the US dollar, as traders await the release of important macroeconomic data from the United Kingdom economy this morning. A clear break from the 1.2700 to 1.2800 price range is currently needed to provide the impetus for the next directional move. Short-term technical indicators remain largely neutral for the GBPUSD pair, it is also worth noting that sterling traders remain cautious ahead of next weeks crucial Brexit vote in UK Parliament.
The GBPUSD pair only intraday bullish while trading above the 1.2800 level, key technical resistance is found at the 1.2820 and 1.2890 levels.
If the GBPUSD pair trades under the 1.2700 level, sellers are likely to test towards the 1.2660 and 1.2600 levels.