The British pound has given back a portion of its recent gains against the US dollar after the latest UK PMI data came in slightly weaker-than-expected. GBPUSD bulls must overcome the 1.3180 level or the pair faces a potential decline back towards the 1.3060 support level. Going forward, the 1.3100 level remains a key trading pivot point to watch for the GBPUSD pair.
The GBPUSD pair is only bullish while trading above the 1.3065 level, key resistance is found at the 1.3150 and 1.3190 levels.
The GBPUSD pair is only bearish while trading below the 1.3065 level, key support is found at the 1.3000 and 1.2970 levels.
