The GBP/USD pair rises above the 1.3 level

The GBP/USD pair rises above the 1.3 level

Bulls have taken control over the GBP/USD pair and pushed it above the crossover of 100- and 200-day SMA and the resistance at 1.3. The pair is trying to break the downward trendline. The next resistance for the pair lies at 1.3030. On the flipside, if bearish pressure increases, the pair will fall towards the support at 1.2920. The next support will lie at 1.2865.
GBPUSDDaily.png

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