March 12, OctaFX – The British pound has surged back towards the 1.3300 level against the US dollar after British PM Theresa May confirmed she will be holding a Brexit vote in UK Parliament later today.
GBPUSD analysis: pair is bullish above 1.3100
The GBPUSD pair has a bullish bias while trading above the 1.3100 level, with the 1.3350 level offering the strongest form of resistance above 1.3300. Sellers will need to move price back under the 1.3100 level, in order to negate intraday bullish trading momentum.
The GBPUSD pair is only bearish while trading below the 1.3100 level, key technical support is found at the 1.3000 and 1.2970 levels
If the GBPUSD pair trades above the 1.3260 level, buyers may test towards the 1.3300 and 1.3350 resistance levels.
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