GBPUSD bullish bias above 1.3240

The British pound is trading close to the 1.3300 level against the US dollar in early week trade as the greenback comes under pressure across the board. The GBPUSD pair has a strong intraday bullish bias while trading above the 1.3240 support level. Further gains above the 1.3300 level may lead to an eventual technical test of the current yearly trading high, at 1.3388.

The GBPUSD pair is intraday bullish while trading above the 1.32040 level, key technical resistance is found at the 1.3300 and 1.3388 levels

If the GBPUSD pair trades below the 1.3240 level, sellers may test towards the 1.3200 and 1.3155 support levels.