GBPUSD recovery continues
The British pound is holding above critical support against the US dollar as the pair attempts to post a bullish weekly reversal candle and close the trading week back in the green. GBPUSD bulls ideally need to attack the 1.2660 resistance level to cement the pairs improving the short-term outlook. Sustained moves back under the 1.2505 level should be considered technically bearish for the GBPUSD pair.
The GBPUSD pair is bullish while trading above the 1.2530 level, key resistance is found at the 1.2610 and 1.2660 levels.
If the GBPUSD trades below the 1.2530 level, key support is located at the 1.2505 and 1.2480 levels.
The GBPUSD pair is bullish while trading above the 1.2530 level, key resistance is found at the 1.2610 and 1.2660 levels.
If the GBPUSD trades below the 1.2530 level, key support is located at the 1.2505 and 1.2480 levels.
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