GBPUSD INTRADAY BULLISH ABOVE 1.4068 LEVEL
The British pound has recovered upside momentum against the greenback, after a weaker than expected March U.S jobs report and Trade War concerns pushed the U.S dollar index lower. The GBPUSD pair has bounced back towards the 1.4100 handle, after finding strong technical support from the 1.3965 level last week. Sterling traders now look towards the U.S dollar index’s next directional move around the pivotal 90.00 level, and equity markets reaction towards the ongoing trade dispute between the U.S and China.
The GBPUSD pair is intraday bullish while trading above the 1.4068 level, key intraday resistance is currently found at the 1.4100 and 1.4146 levels.
Should price-action on the GBPUSD pair move below the 1.4068 level, the main intraday support is found at the 1.4030 and 1.3965 levels.