GBPUSD STILL BULLISH ABOVE 1.3243 LEVEL

GBPUSD STILL BULLISH ABOVE 1.3243 LEVEL


The British pound continues to hold onto gains above the 1.3200 level against the US dollar             , as traders factor in a possible rate hike from the Bank of England in August.

The GBPUSD             pair failed to gain traction above the 1.3300 level, as traders booked profits from the 1.3313 level.

GBPUSD             buyers will look for further upside above the 1.3316 level, while sellers will try to push price below the 1.3243 level.

The GBPUSD             pair remains bullish while trading above the 1.3243 level, key technical resistance is now located at the 1.3316 and 1.3390 levels.

If the GBPUSD             pair moves below the 1.3243 level, key technical support can be found at the 1.3215 and 1.3194 levels.