GBP/USD Triggers Short Term Uptrend

GBP/USD with the pair resuming its short term uptrend on Thursday, more strength is expected in the days ahead. Support lies at 1.2500 area with a break below that level turning attention to the 1.2450 level. Further down, support lies at the 1.2400 level where a violation will shift focus to the 1.2350 level. Below here will open the door towards the 1.2300 level.

On the upside, resistance is located at the 1.2600 with a break above there allowing for morel strength to build up towards the 1.2650 level. Further out, resistance stands at the 1.2700 level followed by the 1.2750 level. On the whole, GBP/USD retains its upside pressure

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