The British pound faces a key week against the US dollar, as the United Kingdom economy releases a series of high-impacting data points that could have a large impact the pair. Technical analysis shows that a breakout above the 1.3060 level could see the GBPUSD pair rallying towards the 1.3200 level. A loss of the 1.3000 support level could provoke another test of the 1.2960 level.
The GBPUSD pair is only bearish while trading below the 1.3000 level, key support is found at the 1.2960 and 1.2900 levels.
The GBPUSD pair is only bullish while trading above the 1.3000 level, key resistance is found at the 1.3060 and 1.3100 levels.