The British pound is increasingly bullish against the US dollar, following a bullish weekly and monthly close above the 1.3170 level. The GBPUSD pair is now a strong buy on any dips, with bulls likely to target the 1.3370 resistance at some point this month. Any technical pullbacks towards the 1.3120 support level should be considered a solid buying opportunity.
The GBPUSD pair is only bullish while trading above the 1.3100 level, key resistance is found at the 1.3170 and 1.3230 levels.
The GBPUSD pair is only bearish while trading below the 1.3100 level, key support is found at the 1.3000 and 1.2960 levels.
