GBPUSD NOW INTRADAY BULLISH ABOVE 1.3500 LEVEL

The British pound is attempting to move towards the top-end of its recent short-term trading-range against the US dollar, after sellers failed to hold price below the 1.3500 level. The GBPUSD pair currently trades around the 1.3540 level, after again finding strong dip-buying demand below the key 1.3500 level. Sterling traders continue to look for gains towards the 1.3600 resistance level, while watching the intraday direction of the US dollar index.

• The GBPUSD pair is only intraday bearish while trading below the 1.3500 level. Key support remains at the 1.3458 and 1.3425 levels.

• If the GBPUSD pair continues to hold above the 1.3500 level, buyers will again test towards the 1.3568 and 1.3606 resistance levels.