GBPUSD Back To Pivot

The British pound is testing towards the pivotal 1.3660 level against the US dollar as the pair consolidates ahead of the release of important UK economic data. Weak economic data from the United Kingdom economy could cause the GBPUSD pair to move back towards the 1.3580 support level. Dip buyers may look to buy the GBPUSD pair around the 1.3580 level if a strong pullback takes place.

The GBPUSD pair is only bullish while trading above the 1.3660 level, key resistance is found at the 1.3700 and the 1.3740 levels.

If the GBPUSD pair trades below the 1.3660, sellers may test the 1.3610 and 1.3580 support levels.