GBPUSD BULLISH ABOVE WEEKLY PIVOT POINT
The GBPUSD pair is trading around the 1.3250 level, after earlier slipped back to test its weekly pivot point, at 1.3233, as Brexit negotiations show no sign of progress between UK and EU officials in Brussels.
The British pound is now awaiting key UK inflation data for September, and a speech from Bank of England Governor Mark Carney.
Going forward, the GBPUSD pair is expected to remain bullish while trading above the 1.3233 level. Further buying towards 1.3310, 1.3333 and 1.3362 can be expected while price-action trades above the 1.3233 support level.
Trade should expect a sell-off towards 1.3220, 1.3190 and 1.3170 if price trade below the key 1.3233 technical support level.