GBPUSD intraday bullish above 1.3050
The British pound is attempting to move higher against the US dollar after sellers failed to hold price below the key 1.3000 support level. Buyers have now moved price above the pivotal 1.3050 level, with the 1.3095 level the key intraday resistance area to watch. If bulls fail to rally the GBPUSD pair above the 1.3095 level, traders should expect a decline back towards the 1.3000 level.
The GBPUSD pair is bullish while trading above the 1.3050 level, key technical resistance is found at the 1.3095 and 1.3160 levels
If the GBPUSD pair trades below the 1.3050 level, sellers may test towards the 1.3000 and 1.2960 support levels.