GBPUSD another pullback
The British pound has performed a minor technical pullback against the US dollar during the European trading session, with the pair trading below the 1.2880 level. Going forward, buyers need to close the daily candle above the 1.2900 level to secure further buying interest. Only a sustained break under the 1.2840 support level can negate the bullish outlook surrounding the GBPUSD pair.
If the GBPUSD pair trades below the 1.2940 level, key support is found at the 1.2880 and 1.2840 levels.
The GBPUSD pair is bullish while trading above the 1.2940 level, key resistance is found at the 1.3000 and 1.3100 levels.