GBPUSD faces further recovery higher as it extended its strength on Monday. Support lies at 1.3050 area with a break below that level turning focus to the 1.3000 level. Further down, support comes in the 1.2950 level where a violation will shift focus to the 1.2900 level. Below here will open the door towards the 1.2850 level. On the upside, resistance is located at the 1.3100 with a break above there allowing for morel strength to build up towards the 1.3150 level. Further out, resistance stands at the 1.3200 level followed by the 1.3250 level. On the whole, GBPUSD faces further recovery threats.

GBPUSD Follows Through Higher With Eyes On 1.3100 Zone