GBPUSD bullish bias
The British pound is holding onto its weekly trading gains against the US dollar, with the pair testing towards the 1.3000 resistance level. A bullish breakout above the key 1.3000 level could propel the GBPUSD pair towards the 1.3060 resistance area. Continued daily price closes above the 1.2960 level should be considered bullish for the GBPUSD pair over the short and medium-term.
The GBPUSD pair is only bearish while trading below the 1.2960 level, key support is found at the 1.2900 and 1.2870 levels.
The GBPUSD pair is only bullish while trading above the 1.2960 level, key resistance is found at the 1.3000 and 1.3060 levels.