GBPUSD STRONGLY BULLISH ABOVE 1.3040
The British pound has moved to a fresh two-week trading high against the US dollar, with buyers breaking above the important 1.3040 level. The GBPUSD pair is strongly bullish while trading above the 1.3040 level and is increasingly likely to challenge the 1.3100 resistance level. Technical indicators are still rising across the one and four-hour time frames, supporting bullish momentum.
The GBPUSD pair is strongly bullish while trading above the 1.3040 level, key resistance is now found at the 1.3100 and 1.3200 levels.
If the GBPUSD pair moves below the 1.3040 level, sellers may test towards the 1.3000 and 1.2965 support levels.