GBPUSD AWAITING KEY UK RETAIL SALES DATA

The British pound is trading around the psychological 1.3000 level against the US dollar, ahead of the release of key Retail Sales data from the United Kingdom economy this morning. The GBPUSD pair remains volatile amidst ongoing Brexit news, with price earlier spiking towards the 1.3070 level. Buyers need to break the 1.3100 resistance level while sellers need to keep price below the 1.2940 support level.

The GBPUSD pair is intraday bullish while trading above the 1.2940 level, key technical resistance is now found at the 1.3070 and 1.3100 levels.

If the GBPUSD pair trades below the 1.2940 level, key support is found at the 1.2900 and 1.2866 levels.