GBPUSD bulls losing momentum
The British pound is starting to lose bullish momentum against the US dollar after traders failed to rally sterling to new weekly trading highs after yesterday’s FOMC interest rate decision. The GBPUSD pair still remains bullish while trading above the 1.3090 level, although warning signs are starting to emerge that the GBPUSD pair may have peaked. Technical indicators are also showing that GBPUSD pair could soon start to correct lower.
The GBPUSD pair remain bullish while trading above the 1.3090 level, key technical resistance is found at the 1.3170 and 1.3205 levels
If the GBPUSD pair trades below the 1.3090 level, key support is found at the 1.3055 and 1.3000 levels.