The British pound continues to trade towards the key 1.3300 resistance level against the US dollar, after another bullish weekly price-close. The British pound is also receiving a boost from UK Prime Minister Theresa May’s plans for a soft Brexit deal were revealed over the weekend. GBPUSD bulls will now need to hold price above the 1.3300 level for further upside advancement, while sellers will look for rejection around this key technical area.
The GBPUSD pair is strongly bullish while trading above the 1.3300 level, key resistance is found at the 1.3373 and 1.3400 levels.
If the GBPUSD pair fails around the 1.3300 level, sellers will likely test towards the 1.3255 and 1.3205 support levels.