GBPUSD 1.3060 key

The British pound faces a key week against the US dollar, as the United Kingdom economy releases a series of high-impacting data points that could have a large impact the pair. Technical analysis shows that a breakout above the 1.3060 level could see the GBPUSD pair rallying towards the 1.3200 level. A loss of the 1.3000 support level could provoke another test of the 1.2960 level.

• The GBPUSD pair is only bearish while trading below the 1.3000 level, key support is found at the 1.2960 and 1.2900 levels. 

• The GBPUSD pair is only bullish while trading above the 1.3000 level, key resistance is found at the 1.3060 and 1.3100 levels.