GBPUSD critical juncture
The British pound is trading around the 1.3000 level against the US dollar as the pair struggles to find a short-term directional bias. Failure to surpass the 1.3000 technical barrier could see the GBPUSD pair tumbling back towards the 1.2870 support area. Gains above the 1.3000 level should see the GBPUSD pair testing towards critical trendline resistance, around the 1.3060 level.
The GBPUSD pair is only bearish while trading below the 1.2960 level, key support is found at the 1.2870 and 1.2810 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.