GBPUSD INTRADAY BULLISH BIAS ABOVE 1.3960 LEVEL
The British pound continues to trade around the 1.4000 handle against the U.S dollar, as traders await interest rate decisions from both the Federal Reserve and the Bank of England. The GBPUSD pair has slowly drifted lower from 1.4088 weekly price-high, although the bullish momentum seen in the early part of week remains intact. Sterling traders now look towards the release of key monthly jobs data from the United Kingdom economy this morning.
The GBPUSD pair retains an intraday bullish bias whilst trading above the 1.3960 level, further upside towards 1.4088 and 1.4146 remains possible.
A sustained break below the 1.3960 level will lead to a shift in GBPUSD sentiment, with sellers likely to target the 1.3920 and 1.3850 support levels.