GBPUSD ONLY BULLISH ABOVE 1.3425 LEVEL
The British pound has moved back towards the 1.3400 level against the US dollar, after finding strong dip-buying interest from the 1.3352 support level. The GBPUSD pair remains volatile, with high-impacting United Kingdom economic data and Brexit negotiations currently driving price-action. Traders now look towards the release of key Trade Balance, Industrial Production and Manufacturing data from the United Kingdom economy.
The GBPUSD pair is only bullish while trading above the 1.3425 level, key technical resistance is now located at the 1.3450 and 1.3471 levels.
If the GBPUSD pair moves below the 1.3400 level, key technical support is found at the 1.3352 and 1.3300 levels.