GBPUSD STILL BULLISH ABOVE 1.3920
The British pound has recovered bullish trading momentum against the U.S dollar after sellers again failed to take charge of the pair below the key 1.3920 level. The GBPUSD pair currently trades around the 1.3960 level, after meeting firm intraday resistance from the 1.3979 technical level. Moving into the U.S session, buyers will look for gains above the 1.4000 level, while sellers will look for a confirmed break below the pairs fifty-day moving average.
The GBPUSD pair remains intraday bullish above the 1.3920 level, key intraday resistance is located at the 1.3979 and 1.4000 level.
A sustained move below the 1.3920 level may lead the GBPUSD pair to weaken towards the 1.3900 and 1.3873 support levels.