GBPUSD (1.2910): The British pound managed to maintain some gains in yesterdays trading. Price action remains flat at the moment, but the medium-term bullish momentum could push GBPUSD further to the upside. The resistance level of 1.3033 could be the near-term test for the currency pair. For the moment, GBPUSD is seen retesting the support level at 1.2908. As long as this support holds, we can expect to see some near term gains. Thisis also validated by the fact that GBPUSD managed to break past the falling trend line and the previously held support level is now the prime target for resistance to be established.
