GBPUSD AIMING TO BREAK THE 1.3200 LEVEL

The British pound has moved to a fresh weekly high against the greenback, as the US dollar index comes back under selling pressure towards the 94.00 level. The GBPUSD pair continues to retain its intraday bullish bias while trading above the 1.3113 support level. Buyers may attempt to break the 1.3200 level, while sellers may also be looking to enter the market around the 1.3200 level to gain a more attractive trade entry.

The GBPUSD pair is bullish while trading below the 1.3113 level, key resistance is now found at the 1.3200 and 1.3260 levels.

If the GBPUSD pair fails at current trading levels, sellers may force price towards the 1.3113 and 1.3070 levels.