GBPUSD FURTHER BULLISH HEADED IN UK JOBS DATA
The British pound continues to firm above the 1.4300 handle against the U.S dollar, with price-action moving to its highest trading level since, June 2016, hitting 1.4353. The GBPUSD pair currently trades around the 1.4340 level, after briefly piercing the former yearly price-high, at 1.4344. Sterling traders now turn their attention to key UK Jobs data, with a better than expected monthly headline number likely to further anchor bets that the BOE will soon raise UK rates.
The GBPUSD pair remains strongly bullish bias while trading above the 1.4300 level, with key resistance is now located at the 1.4353 and 1.4390 levels.
If the GBPUSD pair moves below the 1.4300 level for a sustained period, sellers may test back towards the 1.4260 and 1.4230 levels.