The British pound retains a short and medium-term bias against the US dollar currency, as attracts strong buying on interest on any dips towards its key 200-day moving average. GBPUSD bulls could be preparing to attack towards the 1.2800 level while price holds above the 1.2685 level. Short-term weakness under the 1.2685 level could cause the GBPUSD pair to fall towards the 1.2640 support zone.
If the GBPUSD pair trades above the 1.2685 level, key resistance is found at the 1.2800 and 1.2840 levels.
The GBPUSD pair is only bearish while trading below the 1.2685 level, key support is found at the 1.2640 and 1.2590 levels.
