The British pound is on the rise against the US dollar currency, after bears failed to hold price under the 1.3000 level on Monday. GBPUSD bulls may advance towards the 1.3130 technical resistance area if the 1.3000 support area continues to hold firm. If the 1.3000 support level is broken the GBPUSD pair could fall towards the 1.2970 and possibly the 1.2900 support level.
If the GBPUSD pair trades above the 1.3090 level, key resistance is found at the 1.3130 and 1.3200 levels.
The GBPUSD pair is only bearish while trading below the 1.3090 level, key support is found at the 1.3000 and 1.2970 levels.
