GBPUSD 1.3000 swing
The British pound has staged a technical rebound from the 1.2900 level against the US dollar, although the pair still remains vulnerable to selling attacks. GBPUSD bears may use a technical correction towards the 1.3000 as an opportunity to short the pair. Overall, sellers may use the 1.2800 level as a medium-term bearish target.
The GBPUSD pair is only bullish while trading above the 1.3075 level, further upside towards the 1.3100 and 1.3150 levels then seems possible.
If the GBPUSD pair trades below the 1.3075 level, key support is found at the 1.2900 and 1.2800 levels.