FxWirePro: GBP/USD maintains bullish bias with focus on 1.3300 levels
The Sterling remained in strong bullish tone against dollar on Tuesday as buying interest continued as speculators cut bearish bets against the currency as recent data suggested that Britain's economy is holding up surpr…
The Sterling remained in strong bullish tone against dollar on Tuesday as buying interest continued as speculators cut bearish bets against the currency as recent data suggested that Britain's economy is holding up surprisingly well in the aftermath of the Brexit vote.
The currency pair is trading around 1.3193 levels, it is expected to reach 1.3250 levels and 1.3300 levels in the short term.
To the upside, the strong resistance can be seen at 1.3300, a break above this level would expose to cable to next resistance level at 1.3330.
To the downside, immediate support can be seen at 1.3161, a break below will open the door towards next level at 1.3090.
