GBPUSD election levels
The British pound is trading around the 1.3200 level against the US dollar as traders await the outcome of today’s United Kingdom General Election. Looking at extended technical resistance, technical analysis shows the 1.3300 and 1.3375 levels as key. Extended downside support for the GBPUSD pair below the 1.3000 level is currently found at the 1.2900, 1.2820 and 1.2710 levels.
If the GBPUSD pair trades below the 1.3000 level, key support is found at the 1.2900 and 1.2820 levels.
The GBPUSD pair is bullish while trading above the 1.3000 level, further upside towards the 1.3300 and 1.3375 levels still appears possible.