GBPUSD breakout above 1.3216
The British pound has moved to a fresh weekly trading high against the US dollar after British PM Theresa May announced that she wants to extend the United Kingdom’s departure date from the European Union. The GBPUSD pair has a bullish bias while trading above the 1.3130 level, while key breakout resistance is found at the 1.3220 level. The recent advance is likely to continue as the MACD indicator on the four-hour time frame has also turned bullish.
The GBPUSD pair is bullish while trading above the 1.3130 level, key resistance is found at the 1.3220 and 1.3270 levels.
If the GBPUSD pair trades below the 1.3130 level, key support is found at the 1.3100 and 1.3055 levels.