GBPUSD new high
The British pound has pulled back from the 1.3180 level against the US dollar after the pair made yet another bullish higher high earlier this morning. Going forward, it is too early to call a top in the GBPUSD pair as the rally could still extend towards the 1.3300 level. Overall, further upside in the GBPUSD pair should be expected towards the 1.3220 and possibly the 1.3300 level.
The GBPUSD pair is bullish while trading above the 1.3080 level, further upside towards the 1.3220 and 1.3300 levels appears possible.
If the GBPUSD pair trades below the 1.3080 level, key support is found at the 1.3050 and 1.3050 levels.