The British pound is trading around the 1.2880 level against the US dollar, with sellers in control of the pair over while price trades under the 1.2900 level. A sustained breakout above the 1.2960 level is now needed to secure a test of the important 1.3000 level. Overall, a weekly price close above the 1.2900 level should be considered bullish for the GBPUSD pair going into December.
The GBPUSD pair is bullish while trading above the 1.2900 level, key resistance is found at the 1.2960 and 1.3000 levels.
If the GBPUSD pair trades below the 1.2900 level, key support is found at the 1.2880 and 1.2830 levels.
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