GBPUSD: Bullish, Eyes Further Upside Pressure

Mohammed Isah FXTechstrategy

GBPUSD - With the pair continuing to hold on to its corrective recovery, more strength is envisaged in the days ahead. Support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750 level. Conversely, resistance stands at the 1.3000 levels with a turn above here allowing more strength to build up towards the 1.3050 level. Further out, resistance resides at the 1.3100 level followed by the 1.3150 level. On the whole, GBPUSD continues to face upside pressure.

Interested in GBPUSD technicals? Check out the key levels

1. R3 1.3014
2. R2 1.2966
3. R1 1.2935
PP 1.2887
1. S1 1.2857
2. S2 1.2809
3. S3 1.2778

Author

Mohammed Isah

FXTechstrategy

Mohammed Isah is a technical strategist and head of research at FXTechstrategy.com, a technical-research Web site. He has been trading and analyzing the foreign exchange market since 2010.

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