GBPUSD Headline risk
The British pound has rallied back above the 1.3300 level against the US dollar after news broke that the UK and EU have decided to extend Brexit talks. In the near-term, gains above the 1.3410 level could provoke a technical test of the 1.3470 resistance level. To the downside, the 1.3300 level remains pivotal this week and is the most prominent support level prior to the 1.3210 level.
If the GBPUSD pair trades above the 1.3300 level, key resistance is found at the 1.3410 and 1.3470 levels.
The GBPUSD pair is only bearish while trading below the 1.3300 level, key support is found at the 1.3210 and 1.3260 levels.