GBPUSD 1.3300 breakout resistance

The British pound has continued to advance against the US dollar during the European trading session as optimism grows that the Brexit deadline could be extended. If bulls can breach the 1.3210 level, a further rally towards major monthly resistance, at 1.3300, could occur. Traders now await a scheduled speech from British Prime Minister Theresa May and Federal Reserve Chair Jerome Powell’s testimony before US Congress later today.

• The GBPUSD pair has a strongly bullish bias while trading above the 1.3095 level, key technical resistance is found at the 1.3210 and 1.3300 levels

• If the GBPUSD pair trades below the 1.3095 level, sellers may test towards the 1.3050 and 1.3000 support levels.