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.