GBPUSD STRONGLY BULLISH ABOVE 1.3450 LEVEL
The British pound continues to move to fresh monthly trading-highs against the greenback, hitting 1.3442, as the US dollar index comes under strong selling pressure. The GBPUSD pair currently trades around the 1.3430 level, with further bullish advancement likely above the key 1.3450 resistance level. Sterling traders now look towards key US jobs data and a scheduled speech from Bank of England member David Ramsden.
The GBPUSD pair is strongly bullish while trading above the 1.3450 level, key technical resistance is now located at the 1.3500 and 1.3550 levels.
If the GBPUSD pair moves below the 1.3420 level, we may see sellers testing the 1.3400 and 1.3360 support levels.