GBPUSD MOVING TOWARDS KEY RESISTANCE LEVEL
The British pound has moved higher against the U.S dollar during a slow Easter Monday trading session, with price-action now edging towards the key 1.4087 resistance level. The GBPUSD pair has regained short-term bullish momentum, after sellers failed to move price below the psychological 1.4000 level. Moving into the U.S session, sterling traders look towards key March Manufacturing data from the United States economy and scheduled speech from FOMC member Kashkari.
The GBPUSD pair will turn further bullish above the 1.4087 level. Key technical resistance is then found at the 1.4146 and 1.4199 levels.
Should the GBPUSD pair fail to move above the 1.4087 level, sellers may test towards the 1.4008 and 1.3960 levels.