GBPUSD FURTHER BULLISH WHILE ABOVE 1.3307
The British pound continues to advance against the U.S dollar, with price-action breaking-above the key 1.3300 technical region. The GBPUSD currently trades at the highs of the day, as traders and investors play catch up to the notion that the BOE will start to hike UK interest rates on Thursday, for the first time in over a decade. The GBPUSD pair also faces a series of risk events today, with the FED interest rates decision and key jobs and manufacturing data from the U.S economy.
The GBPUSD pair remains strongly bullish while trading above the 1.3307 technical level. Further buying should be expected towards the 1.3360 and 1.3400 levels while trading above 1.3307.
Should GBPUSD sellers push price-action below the 1.3307 technical level, intraday sellers will likely push price back towards the 1.3267 and 1.3222 support zones.