GBPUSD attempting to correct
The British pound is attempting to correct higher against the US dollar on Friday after finding strong technical support from the 1.2865 level. The GBPUSD pair could start to correct back towards the 1.2960 level if bulls can stabilize price above the 1.2900 level. If the GBPUSD pair trades back under the 1.2900 support level, sellers may test back towards the 1.2865 support level.
The GBPUSD pair is only bearish while trading below the 1.2960 level, key support is found at the 1.2900 and 1.2865 levels.
If the GBPUSD pair trades above 1.2900 level, key intraday resistance is found at the 1.2960 and 1.2975 levels.