GBPUSD election day arrives
The British pound currency faces a pivotal trading day against the US dollar, as the United Kingdom goes to the election polls. Looking at the near-term upside potential for the GBPUSD pair, a breakout above the 1.3220 level could spark a rally towards the 1.3300 level. GBPUSD technical selling could accelerate towards the 1.2910 level if the psychological 1.3000 level is broken.
If the GBPUSD pair trades below the 1.3080 level, key support is found at the 1.3000 and 1.2910 levels.
The GBPUSD pair is bullish while trading above the 1.3080 level, further upside towards the 1.3220 and 1.3300 levels still appears possible.