GBPUSD struggling with 1.3000

The British pound currency is attempting to correct higher against the US dollar, with buyers struggling to move the pair above the psychological 1.3000 resistance level. Technical indicators on the one-hour time frame are also attempting to recover after the recent bearish move. The 1.3030 level currently offers the strongest form of intraday resistance if bulls break through the 1.3000 level.

• The GBPUSD pair is bearish while trading below the 1.3030 level, key support is found at the 1.2985 and 1.2940 levels.

• If the GBPUSD pair trades above 1.3000 level, key intraday resistance is found at the 1.3030 and 1.3060 levels.