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GBPUSD: Follows Through Higher On Recovery

GBPUSD: The pair continues to trade in a range but followed through higher on the back of its Thursday gains during Friday trading session. Support lies at the 1.2950 level where a break will turn attention to the 1.2900 level. Further down, support lies at the 1.2850 level. Below here will set the stage for more weakness towards the 1.2800 level. Conversely, resistance stands at the 1.3050 levels with a turn above here allowing more strength to build up towards the 1.3100 level. Further out, resistance resides at the 1.3150 level followed by the 1.3200 level. On the whole, GBPUSD continues to face upside pressure.

GBPUSD: Follows Through Higher On Recovery

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