GBPUSD STRONGLY BULLISH ABOVE 1.3400 LEVEL
The British pound has moved above the 1.3400 level against the US dollar, following reports that the ECB will debate an end to its current QE programme at its June 12th Policy Meeting. The GBPUSD pair currently trades around the 1.3400 handle, after finding interim technical resistance from the 1.3415 level earlier today. Traders now look towards ongoing Brexit negotiations between the EU and UK, and scheduled speeches from Bank of England members Tenreyro and McCafferty.
The GBPUSD pair is intraday bullish while trading above the 1.3400 level, key technical resistance is located at the 1.3450 and 1.3500 levels.
If the GBPUSD pair moves below the 1.3360 level, we may see sellers testing the 1.3332 and 1.3300 support levels.