GBPUSD Finding Support Off the Trend Line

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GBPUSD is trading a bit off from the 1.3122 level of resistance.

The decline off this level saw prices finding support from the rising trend line. If this level holds and we see a rebound, then we could expect a move higher.

Following a close above the 1.3122 level, GBPUSD will need to post new highs to continue maintaining the bullish moment.

Above this level, the price area might once again be tested for support.

However, for the moment, with GBPUSD trading below 1.3122, there is a risk of prices posting further declines.

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