The British pound continues to enjoy fresh buying interest against the US dollar as bulls hold price above the pivotal 1.2530 level. Further intraday gains above the 1.2550 level could propel the GBPUSD pair towards the 1.2610 resistance area. The GBPUSD pair will post a huge bullish weekly reversal candle if the daily candle closes above the former weekly open, at 1.2551.
The GBPUSD pair is bullish while trading above the 1.2530 level, key resistance is located at the 1.2580 and 1.2610 levels.
If the GBPUSD pair trades below the 1.2530 level, key support is found at the 1.2510 and 1.2480 levels.
