GBPUSD INTRADAY BULLISH ABOVE 1.3300
The British pound has moved well above the 1.3300 level against the US dollar, over positive developments coming from the Italian economy and general weakness in the greenback. The GBPUSD pair currently trades around the 1.3320 level, and has so far found interim technical resistance from the 1.3346 level. Sterling traders now await key PMI data from the United Kingdom economy and the release of the U.S. Non-farm payrolls job report.
The GBPUSD pair is intraday bullish while trading above the 1.3300 level, key intraday resistance is located at the 1.3347 and 1.3400 levels.
If the GBPUSD pair moves below the 1.3300 level, we may see a technical correction back towards the 1.3258 and 1.3240 levels.