GBPUSD Awaiting deal
The GBPUSD pair is on the rise against the US dollar currency, as traders anticipate that a Brexit deal could be announced at any time. Technical analysis shows that a bullish inverted head and shoulders pattern is projecting a potential rally towards the 1.4000 area. To the downside, the GBPUSD pair is vulnerable to decline towards the 1.3300 area if a deal is not agreed before the end of the day.
The GBPUSD pair is only bullish while trading above the 1.3470 level, key resistance is found at the 1.3650 and the 1.4000 levels.
If the GBPUSD pair trades below the 1.3470, sellers may test the 1.3300 and 1.3130 support levels.