GBPUSD STRONGLY BULLISH ABOVE 1.3468 LEVEL
The British pound continues to move higher against the US dollar, as the greenback starts 2018 under heavy selling pressure. The U.S dollar index trades well below major technical support, and holds price-action around the lows of September 2017. The GBPUSD pair currently trades around the 1.3520 level, with the former monthly swing price-high at 1.3551 the next technical barrier on the way to 1.3600. Sterling traders now look to Manufacturing PMI data from the United States and United Kingdom economies.
The GBPUSD pair is strongly bullish while trading above the 1.3468 level, buyers will likely target the 1.3551 and 1.3656 resistance levels.
Should price-action on the GBPUSD pair trade below the 1.3468 level, sellers will likely push price-action back towards the 1.3420 support level.