The British pound is coming under moderate selling pressure against the US dollar after wage and employment data from the United Kingdom economy came in slightly worse than expected. The GBPUSD pair continues to retain an intraday bullish trading bias, with price holding above the important 1.2900 support level. If bulls can break the 1.2960 level, further upside towards the 1.3000 resistance level should be expected in the near-term.
The GBPUSD pair is bullish while trading above the 1.2900 level, key technical resistance remains at the 1.2960 and 1.3000 levels
If the GBPUSD pair trades below the 1.2900 level, sellers may test towards the 1.2850 and 1.2830 levels.