GBPUSD STERLING AWAITS KEY UK ECONOMIC DATA
The British pound trades close to key intraday resistance against the US dollar, ahead of a raft of important economic data from the United Kingdom economy this morning. Buyers need to hold price above the 1.3155 resistance level to regain short-term control of the GBPUSD pair, while sellers will look to breach the 1.3100 support level to accelerate earlier losses.
- The GBPUSD pair is only intraday bearish while trading below the 1.3155 level, key support is found at the 1.3100 and 1.3050 levels.
- If the GBPUSD pair moves above the 1.3155 level, key resistance is found at the 1.3179 and 1.3200 levels.