The British pound is starting to turn more bullish against the US dollar after the pair staged an impressive rally towards the 1.3055 level. GBPUSD bulls now need to rally price above the 1.3065 level, while sellers need to break the 1.2965 support level. Watch out for an explosive move in the GBPUSD pair once the range breakout occurs.
The GBPUSD pair is only bullish while trading above the 1.3000 level, key resistance is found at the 1.3065 and 1.3180 levels.
The GBPUSD pair is only bearish while trading below the 1.3000 level, key support is found at the 1.2965 and 1.2900 levels.
