GBPUSD dip buying increasing
The British pound continues to recover towards the best levels of the trading week against the US dollar as dip-buying interest increases. If buyers can hold price above the 1.3300 level the GBPUSD pair could start to test toward the current 2019 trading high, at 1.3388. Traders should expect the overall bullish sentiment toward the GBPUSD pair to grow while the 1.3240 support level holds firm.
The GBPUSD pair is strongly bullish while trading above the 1.3300 level, key technical resistance is found at the 1.3349 and 1.3388 levels
If the GBPUSD pair trades below the 1.3240 level, sellers may test towards the 1.3200 and 1.3155 support levels.