The British pound continues to surge higher against the US dollar, following another technical breakout above the 1.3150 level. Trendline analysis shows that the 1.3300 level could be the medium-term objective of the recent bullish breakout in the GBPUSD pair. Going forward, a breakout above the 1.3210 level would confirm that a test of the 1.3300 level should be forthcoming.
The GBPUSD pair is bullish while trading above the 1.3000 level, further upside towards the 1.3200 and 1.3300 levels appears possible.
the GBPUSD pair trades below the 1.3000 level, key support is found at the 1.2960 and 1.2940 levels.