The British pound has surged towards the 1.3000 level against the US dollar, as traders continue to speculate that the United Kingdom’s departure from the European Union may be delayed. The bullish break above the 1.2930 level further encouraged sterling buyers, with the psychological 1.3000 level now key intraday resistance. The 1.3095 level is the next key upside level to watch if the 1.3000 technical barrier is broken by GBPUSD bulls.
The GBPUSD pair is strongly bullish while trading above the 1.2930 level, key technical resistance is now found at the 1.3000 and 1.3095 levels.
If the GBPUSD pair fails around current levels, key technical support is found at the 1.2930 and 1.2890 levels.