The British pound continues to firm above the 1.3200 level against the US dollar, with the volatile currency pair still enjoying strong dip-buying demand. GBPUSD bulls have been struggling to hold price above the 1.3300 resistance level this week. The 1.3300 level is critically important, as it represents the neckline of a bullish inverted head and shoulder pattern on the four-hour time frame.
The GBPUSD pair is intraday bullish while trading above the 1.3200 level, key technical resistance is found at the 1.3300 and 1.3388 levels
If the GBPUSD pair trades below the 1.3200 level, sellers may test towards the 1.3155 and 1.3100 support levels.