GBPUSD STRONGLY BULLISH ABOVE 1.4200
The British pound has moved to its highest trading level since February 2nd against the U.S dollar, as positive comments from Brexit secretary David Davis boosted sterling higher. The GBPUSD pair currently trades around the 1.4230 level, after earlier breaking above the March monthly price-high, at 1.4243. Traders now look towards the key 1.4200 level for direction, and a raft of top-tier macroeconomic data from the United States economy.
The GBPUSD pair is strongly bullish while trading above the 1.4200 level, key technical resistance is now found at the 1.4243 and 1.4278 levels.
Should the GBPUSD pair decline below the 1.4200 level, key intraday support is found at the 1.4146 and 1.4116 levels.