FX:GBPUSD   British Pound / U.S. Dollar
The British pound is on the move against the US dollar , following a bullish reversal back above the 1.2900 resistance level . Going forward, GBPUSD short-term dip-buyers are expected to move in from the technically important 1.2880 support level . Overall, traders have few reasons to be bearish towards the GBPUSD pair over the medium-term while price trades above the 1.2840 level.

• If the GBPUSD pair trades below the 1.2940 level, key support is found at the 1.2880 and 1.2840 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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