GBPUSD BULLISH TURNS ABOVE 1.3400 LEVEL

The British pound has moved towards the 1.3500 level against the U.S dollar, as speculation that a new border agreement is close to being reached, encouraged GBPUSD buying. A deal between the United Kingdom and Ireland on how to run their post-Brexit land border could remove the last obstacle to opening free-trade talks with the European Union. Traders now look to the release of the Non-farm payrolls job report on Friday, with many market participants expecting a solid increase in U.S jobs, and strong monthly wage growth from the American economy.

• The GBPUSD pair is technically bullish while trading above the 1.3400 level, further upside towards 1.3549 and 1.3615 seems possible.

• Should intraday sellers push price-action below the 1.3400 level, the GBPUSD pair may move back towards the 1.3320 and 1.3300 support levels.