GBPUSD BULLISH ABOVE 1.2880
During the Asian session, the GBPUSD pair has moved back above the calculated monthly pivot point, at 1.2880, and recovered lost ground towards the key 1.2900 level.
This week sterling will look to the United Kingdom monthly jobs report, the European Parliament's decision on UK citizen's work rights after Brexit comes into effect and Janet Yellen's testimony on Capitol Hill.
The GBPUSD pair remains mixed at present, with price currently trading bullish in the medium term and bearish in the short term.
Critical GBPUSD support is found at the monthly pivot at 1.2880, with the daily time frame, 20 and 50 period moving averages offering further support below at 1.2857 and 1.2846.
Intraday GBPUSD resistance is found at the daily pivot point at 1.2905, and the weekly calculated pivot point, located at 1.2925.