The British pound has rallied to a new multi-monthly high against the US dollar currency, with the pair trading towards the 1.3250 level. Technical analysis shows that the 1.3250 area offers the strongest form of technical support prior to the 1.3300 level. GBPUSD sellers need to move price under the 1.3170 level to encourage technical selling back under the 1.3100 level.
The GBPUSD pair is only bearish while trading below the 1.3170 level, key support is found at the 1.3100 and 1.3040 levels.
The GBPUSD pair is only bullish while trading above the 1.3170 level, key resistance is found at the 1.3250 and 1.3300 levels.
