The British pound is set for a busy week of trading action against the US dollar currency, with both the Bank of England rate decision and US jobs report happening this week. GBPUSD bulls may be looking for a pullback towards the 1.2950 area in anticipation of further upside. Daily price closes above the 1.3090 level could see the GBPUSD testing towards the 1.3200 level.
If the GBPUSD pair trades above the 1.3090 level, key resistance is found at the 1.3170 and 1.3250 levels.
The GBPUSD pair is only bearish while trading below the 1.3090 level, key support is found at the 1.2960 and 1.2800 levels.
