GBPUSD buy the dips

The British pound is increasingly bullish against the US dollar, following a bullish weekly and monthly close above the 1.3170 level. The GBPUSD pair is now a strong buy on any dips, with bulls likely to target the 1.3370 resistance at some point this month. Any technical pullbacks towards the 1.3120 support level should be considered a solid buying opportunity.

• The GBPUSD pair is only bullish while trading above the 1.3100 level, key resistance is found at the 1.3170 and 1.3230 levels. 

• The GBPUSD pair is only bearish while trading below the 1.3100 level, key support is found at the 1.3000 and 1.2960 levels.