The British pound trade has risen above the 1.3200 level against the US dollar, after better than expected wage data from the United Kingdom economy. A clear break above the 1.3260 level will trigger the bullish inverted head and shoulders pattern which holds a large upside projection. The intraday outlook for the GBPUSD pair is strongly bullish while price continues to hold above the 1.3200 level.
The GBPUSD pair is intraday bullish while trading above the 1.3155 level, key resistance is now found at the 1.3260 and 1.3350 levels.
If the GBPUSD pair moves below the 1.3200 level, key support is found at the 1.3155 and 1.3100 levels.
