GBP/USD continued its bullish momentum yesterday and
reached an intraday high at 1.3317. As it is seen on the hourly chart, the pair
formed triple bottom, which confirmed the trend reversal. During today’s session the pair is pushing higher and bulls
might conquer 1.3400 level, as US dollar is pressured by the weak NFP data,
that was released today in the afternoon. Strong resistance is located at
1.3370 and if breaking above, next bulls target seems to be 1.3423. Support is
seen at 1.3235 and a break below this level would drag the pair lower to
1.3224.
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