GBPUSD Faces Further Price Recovery Higher On Correction

GBPUSD faces further price recovery higher on correction. Support lies at 1.3000 as it look for more weakness. Below that level will open the door for more decline towards 1.2950 level. Further down, support comes in at the 1.2900 level where a break will turn focus to the 1.2850 level. Further down, support lies at the 1.2800 level. On the upside, resistance stands at the 1.3100 with a turn above here allowing for additional strength to build up towards the 1.3150 level. Further out, resistance stands at the 1.3200 level followed by the 1.3250 level. On the whole, GBPUSD faces further recovery higher on correctio.

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