The British pound continues to trade well above the 1.2900 level against the US dollar, following the renewed bullish sentiment towards the upcoming UK election result. Going forward, the GBPUSD pair remains a strong buy on dips back towards the 1.2840 level. At present, the 1.2880 level may be the nearest area of support GBPUSD bulls will attempt to enter if a pullback occurs.
• The GBPUSD pair is bullish while trading above the 1.2840 level, key resistance is found at the 1.3000 and 1.3100 levels.
• 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 1.2840 level, key resistance is found at the 1.3000 and 1.3100 levels.
• If the GBPUSD pair trades below the 1.2940 level, key support is found at the 1.2880 and 1.2840 levels.
