GBPUSD BULLS NEED TO HOLD THE 1.3255 LEVEL

The British pound is starting to give back gains against the US dollar, as price falls back towards the key 1.3205 support level. The GBPUSD pair started to slip from the 1.3273 level, as the US dollar index firmed following the release of the FOMC Meeting Minutes. Bulls now need to reclaim the 1.3255 level for further advancement, while sellers will look to hold price below the key 1.3205 support level.

The GBPUSD pair remains bullish while trading above the 1.3205 level, key resistance is now found at the 1.3273 and 1.3313 levels.

If the GBPUSD pair trades below the 1.3205 level, key technical support is found at the 1.3170 and 1.3142 levels.