GBPUSD (1.3180): The British pound continued on Friday with strong gains to test the 1.32 handle. The currency gained strength despite the economic data over the week suggesting weakness, especially in the construction and services sector. The week ahead will be intense for the British pound as the inflation, jobs and the BoE meeting will see traders turning cautious on the British pound. Near-term momentum could keep the GBPUSD biased to the upside for a test towards the previously established resistance level of 1.3236. However, a pullback is likely as the support level at 1.2980 – 1.2961 remains in focus.
