The British pound has moved slightly higher against the US dollar during the European trading session after the pair was bought from the 1.2880 level. Further losses towards the 1.2840 level are still expected as sentiment towards the GBPUSD pair remains extremely weak. Overall, traders that are bearish towards the pair are likely to target the 1.2960 level as a potential sell area.
The GBPUSD pair is only bearish while trading below the 1.2960 level, key support is found at the 1.2840 and 1.2710 levels.
The GBPUSD pair is only bullish while trading above the 1.2960 level, key resistance is found at the 1.3000 and 1.3060 levels.
