GBPUSD 1.2610 now key

The British pound has opened the new trading week on solid footing against the US dollar, following a strong weekly price around the 1.2570 level. GBPUSD bulls need to advance the pair above the 1.2610 level to encourage a test of the key 1.2660 area. Sustained weakness below the 1.2530 level may start to trouble the GBPUSD pair, placing the emphasis back on the 1.2505 level.

• The GBPUSD pair is bullish while trading above the 1.2550 level, key resistance is found at the 1.2610 and 1.2660 levels. 

• If the GBPUSD trades below the 1.2550 level, key support is located at the 1.2530 and 1.2505 levels.