The British pound continues to hold above the 1.3307 level against the U.S dollar, as the greenback remains under intense selling pressure headed into the weekend. The GBPUSD pair currently trades around the 1.3320 level, backing slightly away from the 1.3331 daily high. Dip buying demand is still the prevailing weekly theme in pair headed into the U.S session. Depressed trading volumes with North American markets away is currently slowing the advance in the pair, with the next upside hurdle likely to be the 1.3360 technical level.
The GBPUSD pair remains technically bullish while trading above the 1.3307 level. Further intraday upside towards the 1.3360 and 1.3400 levels appears possible today.
Should the GBPUSD pair start to slip much below the 1.3300 technical level, further selling towards the 1.3268 level cannot be ruled out.
