GBPUSD increasingly bullish
The British pound has continued to rise against the US dollar during the US trading session, with the pair advancing towards the 1.2780 level. A sustained move above the 1.2780 resistance level will likely accelerate technical buying interest beyond the 1.2800 level. Sellers need to maintain price under the 1.2730 level to shift the current intraday bullish bias towards the GBPUSD pair.
The GBPUSD pair is only bullish while trading above the 1.2730 level, key resistance is found at the 1.2780 and 1.2840 levels.
If the GBPUSD pair trades below the 1.2730 level, key support is found at the 1.2710 and 1.2660 levels.