March 4, OctaFX – The British pound has recovered back towards the pivotal 1.3230 level against the greenback in early Monday trade, after briefly falling below the 1.3200 support level.
GBPUSD analysis: pair retains a bullish short-term bias
The GBPUSD pair retains a bullish short-term bias while clearly trading above the 1.3230 level. Traders now await key Construction PMI data from the UK economy and the start of fresh Brexit negotiations between EU and UK officials.
The GBPUSD pair retains an intraday bullish bias while trading above the 1.3230 level, key technical resistance is found at the 1.3300 and 1.3350 levels
If the GBPUSD pair trades below the 1.3230 level, sellers may test towards the 1.3180 and 1.3155 support levels.
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