The British pound has staged a technical rebound from the 1.2900 level against the US dollar, although the pair still remains vulnerable to selling attacks. GBPUSD bears may use a technical correction towards the 1.3000 as an opportunity to short the pair. Overall, sellers may use the 1.2800 level as a medium-term bearish target.
- The GBPUSD pair is only bullish while trading above the 1.3075 level, further upside towards the 1.3100 and 1.3150 levels then seems possible.
- If the GBPUSD pair trades below the 1.3075 level, key support is found at the 1.2900 and 1.2800 levels.
