Thu, Dec 03, 2020 @ 13:46 GMT
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GBPUSD 1.2660 Holds Firm

The British pound is attempting to gain upside momentum against the US dollar after bears failed to move price below the pivotal 1.2660 level. Buyers looking for a stronger risk-reward entry may be an attempt to enter the GBPUSD pair from the 1.2660 level. If GBPUSD sellers move price under the 1.2660 level, further weakness towards at least 1.2640 should be expected.

The GBPUSD pair is only intraday bullish while trading above the 1.2710 level, key resistance is found at the 1.2730 and 1.2780 levels.

If the GBPUSD pair trades below the 1.2660 level, key support is found at the 1.2640 and 1.2600 levels.

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