The British pound is continuing to advance against the US dollar, as traders and investors remain optimistic over an upcoming Brexit deal. Technical analysis shows that the ongoing breakout could reach the 1.3100 or the 1.3140 resistance area. To the downside, a loss of the 1.2980 support level could provoke heavy technical selling towards the 1.2850 level.
If the GBPUSD pair trades above the 1.2980 level, key resistance is found at the 1.3100 and 1.3140 levels.
The GBPUSD pair is only bearish while trading below the 1.2980 level, key support is found at the 1.2950 and 1.2850 levels.
