GBPUSD STILL BULLISH ABOVE 1.3205 LEVEL

The British pound has moved to a fresh monthly trading-high against the US dollar, hitting 1.3248, as the trading sentiment surrounding the GBPUSD pair continues to improve. The GBPUSD pair performed a bullish daily price-close above the 1.3205 level, with price remaining well above the weekly opening-price. GBPUSD traders now look to a scheduled speech from Bank of England Governor Mark Carney this morning, and the release of the US ADP jobs report later today.

• The GBPUSD pair remains bullish while trading above the 1.3205 level, key resistance is found at the 1.3248 and 1.3300 levels.

• If the GBPUSD pair trades below the 1.3205 level, key technical support is found at the 1.3194 and 1.3170 levels.