STERLING TRYING TO RECOVER FROM 1.3500
The British pound is trying to recover upside momentum against the U.S dollar, after hitting 1.3485, following the U.S Nonfarm Payrolls job report on Friday. The GBPUSD pair currently trades around the 1.3540 level, after price bounced sharply once the key 1.3500 handle was recovered. Trading ranges on sterling may be subdued today, as the United Kingdom observes a National Bank Holiday.
The GBPUSD pair is intraday bearish while trading below the 1.3589 level, further losses towards 1.3500 and 1.3485 levels seems possible.
If the GBPUSD pair moves back above the 1.3589 level, we may buyers moving price towards the 1.3610 and 1.3655 resistance levels.