GBP/USD Threatens The 1.2984 Resistance Zone

GBP/USD with the pair continuing to target higher prices, move gain is expected towards the 1.2984 resistance zone. Support lies at 1.2950 area with a break below that level turning focus to the 1.2900 level. Further down, support comes in the 1.2850 level where a violation will shift focus to the 1.2800 level. Below here will open the door towards the 1.2750 level.

On the upside, resistance is located at the 1.3050 with a break above there allowing for morel strength to build up towards the 1.3100 level. Further out, resistance stands at the 1.3150 level followed by the 1.3100 level. On the whole, GBP/USD retains its broader upside pressure.

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