GBP/USD: GBP was seen building up on its Tuesday bullish price action during today’s trading session. This development has left the pair targeting its key upside targets seen at the 1.2673/1.2700 zone.
Support lies at the 1.2600 level where a break will turn attention to the 1.2550 level. Further down, support lies at the 1.2500 level. Below here will set the stage for more weakness towards the 1.2450 level.
Conversely, resistance stands at the 1.2700 levels with a turn above here allowing more strength to build up towards the 1.2750 level. Further out, resistance resides at the 1.2800 level followed by the 1.2850 level. On the whole, GBP/USD threatens further upside pressure.
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