GBPUSD INTRADAY BULLISH ABOVE 1.4190 LEVEL
The British pound has recovered upside momentum against the U.S dollar during early Friday trading, hitting 1.4286, following better than expected fourth quarter GDP figures from the UK economy. Price-action is currently trading around the 1.4250 level, following a volatile trading period for sterling, which saw the pair move between 1.4345 and 1.4082. Traders now look to the release of United States GDP data, and the Bank of England Governor Mark Carney, who is speaking at the World Economic Forum, in Davos, Switzerland.
The GBPUSD pair remains intraday bullish while trading above the 1.4190 level, further upside towards 1.4286 and 1.4345 seems possible.
Should price-action on the GBPUSD pair decline below the 1.4190 level, sellers may test towards the 1.4160 and 1.4100 support regions.