The British pound is testing the 1.3000 support level against the US dollar, after finding strong technical resistance from the 1.3040 level during the European trading session. Despite the pullback price, the GBPUSD pair remains bullish while trading above the 1.2930 level and continues to trend higher on the MACD indicator across the four-hour time frame.
The GBPUSD pair remains bullish while trading above the 1.2930 level, key resistance is now found at the 1.3040 and 1.3080 levels.
If the GBPUSD pair moves below the 1.2930 level, key support is found at the 1.2900 and 1.2850 levels.
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