The British pound has moved to yet another monthly trading high against the US dollar currency, as traders continue to buy any meaningful dips in the pair. GBPUSD bulls could stage a final rally towards the 1.3200 level if the 1.3110 resistance level is broken. To the downside, failure around the 1.3100 level could see the GBPUSD pair falling back towards the 1.2950 technical area.
If the GBPUSD pair trades above the 1.3000 level, key resistance is found at the 1.3110 and 1.3200 levels.
The GBPUSD pair is only bearish while trading below the 1.3000 level, key support is found at the 1.2970 and 1.2950 levels.
