The British pound has corrected higher against the US dollar during the European trading session, after finding strong technical support from the 1.3055 level. Short-term technical indicators are also moving higher, with the GBPUSD pair trading back above the pivotal 1.3090 level. Traders should watch for a sustained break of the 1.3090 to 1.3130 price range, as it will likely prompt the next directional move in the pair.
The GBPUSD pair is bullish while trading above the 1.3130 level, key technical resistance is found at the 1.3200 and 1.3255 levels
If the GBPUSD pair trades below the 1.3090 level, key support is found at the 1.3055 and 1.3000 levels.
