The British pound is testing towards the top of its recent trading range against the US dollar currency, as traders start to feel more positive towards Brexit negotiation. Technical analysis shows continued gains above the 1.3000 level could see the GBPUSD pair testing towards the 1.3140 level. Traders that are bearish towards the GBPUSD pair may need to see weakness below the 1.2900 level for technical confirmation.
If the GBPUSD pair trades above the 1.2900 level, key resistance is found at the 1.3060 and 1.3140 levels.
The GBPUSD pair is only bearish while trading below the 1.2900 level, key support is found at the 1.2850 and 1.2800 levels.
