GBPUSD BUYERS LOOK TOWARDS 1.4268 LEVEL

The British pound continues to build bullish upside momentum against the U.S dollar, with price-action moving to its highest trading level since February 2nd. The GBPUSD pair yesterday moved to a new March price-high, hitting 1.4240, with buyers now looking towards the pairs 200-week moving average, currently located at the 1.4268 level. Overall U.S dollar weakness and ongoing Brexit negotiation news remains the main driving force behind intraday price movements in the  pair.

• The GBPUSD pair retains a bullish bias whilst trading above the 1.4200 level, further upside towards 1.4268 and 1.4343 seems possible.

• Should GBPUSD price-action trade below the 1.4200 level for a sustained period, a correction towards the 1.4146 and 1.4087 levels remains possible.