The British pound is starting to gain upside momentum against the US dollar, as the pair attempts to move back towards the 1.3000 level. Continued gains above the 1.2960 level should signal that GBPUSD bulls want to test higher over the short-term. Failure to maintain price above the 1.2960 level should see the GBPUSD pair testing back towards the pivotal 1.2900 level.
The GBPUSD pair is only bearish while trading below the 1.2960 level, key support is found at the 1.2900 and 1.2870 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.