The British pound is trading to the upside against the US dollar in early Monday trade, following reports that the United Kingdom’s departure from the European Union on March 29th could be delayed until July this year. The GBPUSD pair is intraday bullish while trading above the 1.2810 level and the MACD indicator on the daily time frame is also currently bullish. The pairs one-hundred day moving average, at 1.2895, and the 1.3000 level are the major resistance levels to watch.
The GBPUSD pair is intraday bullish while trading above the 1.2810 level, key technical resistance is found at the 1.2895 and 1.3000 levels.
If the GBPUSD pair trades below the 1.2810 level, sellers may test towards the 1.2760 and 1.2685 support levels.
