GBPUSD tests extended support

FX:GBPUSD   British Pound / U.S. Dollar
The British pound is attempting to recover from critical support against the US dollar , following an extended pullback towards the 1.2840 level. The GBPUSD pair has to rally from current trading levels to avoid a major technical test of the 1.2770 support. Overall, a daily price close above the 1.2940 level would confirm that the GBPUSD pair still intends to test towards the 1.3100 level.

• If the GBPUSD pair trades below the 1.2940 level, key support is found at the 1.2840 and 1.2770 levels.
• The GBPUSD pair is bullish while trading above the 1.2940 level, key resistance is found at the 1.3000 and 1.3100 levels.
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