Technical Market Outlook: The GBP/USD pair has rebounced from the lows seen at the level of 1.2690 and is heading higher towards the swing high located at 1.2846.
The 50 MA will provide the dynamic resistance for bulls around the level of 1.2804.
The momentum is strong and positive, so the short-term outlook for GBP remains bullish. The intraday technical support is seen at the level of 1.2738 and 1.2690.
