The British pound has opened the new trading week on solid footing against the US dollar, following a strong weekly price around the 1.2570 level. GBPUSD bulls need to advance the pair above the 1.2610 level to encourage a test of the key 1.2660 area. Sustained weakness below the 1.2530 level may start to trouble the GBPUSD pair, placing the emphasis back on the 1.2505 level.
The GBPUSD pair is bullish while trading above the 1.2550 level, key resistance is found at the 1.2610 and 1.2660 levels.
If the GBPUSD trades below the 1.2550 level, key support is located at the 1.2530 and 1.2505 levels.
