GBPUSD further gains expected
The British pound continues to firm above the 1.2900 level against the US dollar, following a bullish weekly and monthly price close. Technical analysis shows that GBPUSD buyers have the upper hand while price closes above the 1.2890 level on a daily basis. Risk-averse traders may await a move above the 1.3000 level in order to confirm a range break and a potential push towards the 1.3200 resistance level.
The GBPUSD pair is bullish while trading above the 1.2890 level, key resistance is found at the 1.2960 and 1.3000 levels.
If the GBPUSD pair trades below the 1.2890 level, key support is found at the 1.2850 and 1.2820 levels.