GBPUSD INTRADAY BULLISH ABOVE 1.4146 LEVEL
The British pound continues to press towards the 1.4200 resistance level against the greenback, as the U.S dollar index comes under further selling pressure. The GBPUSD pair has so far reached a weekly price-high of 1.4187, with pound dip-buyers still prevalent on pullbacks towards the key 1.4146 technical level. Sterling traders now look towards a raft of economic data points from the United Kingdom this morning, with monthly UK Manufacturing and Industrial Productions in focus.
The GBPUSD pair retains its bullish bias while price-action trades above the 1.4146 level, key upside technical resistance is located at the 1.4200 and 1.4243 levels.
If price-action on the GBPUSD pair holds below the 1.4146 level for a sustained basis, sellers may test back towards the 1.4116 and 1.4088 levels.