The GBP/USD pair today, Tuesday: 1.2380 next support

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The British pound continues to trade against the US dollar on Tuesday as the pair continues to trade away from the 1.2500 resistance level. The GBPUSD may fall to the 1.2380 level in case of a breakout below the 1.2400 support level. On a weekly basis, the 1.2300 level is the strongest form of technical support for the GBPUSD pair.

The GBP/USD pair is only bearish while trading below the 1.2480 level, the main support is at the 1.2380 and 1.2300 levels.

The GBP/USD pair is only bullish, while trading above the 1.2480 level, there is a major resistance at 1.2650 and 1.2800.

The GBP/USD pair today, Tuesday: 1.2380 next support

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