GBPUSD Struggling up top
The British pound is struggling to move back towards the highs of the week against the US dollar, as traders remain cautious over US political events. Technical analysis shows that sellers need to move the price below the 1.3420 support area to change the short-term trend to bearish. Sustained gains above the 1.3670 level are needed to encourage bulls back into the market.
The GBPUSD pair is only bullish while trading above the 1.3600 level, key resistance is found at the 1.3670 and the 1.3770 levels.
If the GBPUSD pair trades below the 1.3600, sellers may test the 1.3540 and 1.3420 support levels.