The British pound remains weak around the 1.3000 level against the US dollar as the pair struggles to build upside momentum. If bulls can move the GBPUSD pair higher the 1.3040 level currently offers the strongest form of intraday resistance. Further weakness below the important 1.2990 level will likely trigger the next round of heavy GBPUSD technical selling.
The GBPUSD pair is only bullish while trading above the 1.3040 level, key resistance is located at the 1.3064 and 1.3100 levels.
If the GBPUSD pair trades below the 1.2990 level, key intraday support is found at the 1.2966 and 1.2925 levels.
