GBPUSD Attempting recovery
The British pound is attempting to recover high against the US dollar, after finding strong support from just above the 1.3500 level. Technical analysis highlights that the GBPUSD pair could shoot towards the 1.3700 level if the 1.3620 level is overcome. The overall price trend still remains bullish, as the GBPUSD pair continues to post bullish higher highs and lower lows on the weekly time frame.
The GBPUSD pair is only bullish while trading above the 1.3580 level, key resistance is found at the 1.3610 and the 1.3660 levels.
If the GBPUSD pair trades below the 1.3580, sellers may test the 1.3520 and 1.3460 support levels.