The British pound is trading more cautiously against the US dollar on Tuesday as the United Kingdom General Election draws near. Looking at the upside potential for the GBPUSD pair, the 1.3220 and 1.3300 levels remain the near-term bullish targets. The GBPUSD pair could start to reverse lower from the 1.3220 resistance area if buying interest above the 1.3200 level starts to weaken.
If the GBPUSD pair trades below the 1.3080 level, key support is found at the 1.3040 and 1.2910 levels.
The GBPUSD pair is bullish while trading above the 1.3080 level, further upside towards the 1.3220 and 1.3300 levels appears possible