GBPUSD 1.2550 key
The British pound is starting to stabilize above the 1.2500 level against the greenback as the US dollar currency appears increasingly. Short-term bulls need to move price above the 1.2550 resistance level to increase GBPUSD technical buying. GBPUSD bears need to hold price under the 1.2455 to encourage the notion that a major price top has already been established.
The GBPUSD pair is only bearish while trading below the 1.2455 level, key support is found at the 1.2420 and 1.2370 levels.
- If the GBPUSD pair trades above the 1.2455 level, key resistance is found at the 1.2550 and 1.2700 levels.