The GBP/USD currency pair bounced off a support level at 1.3800 on Friday. As a result, the British Pound surged by 76 pips or 0.55% against the US Dollar during Friday’s trading session.
All things being equal, the exchange rate could continue to edge higher during the following trading session. Bullish traders are likely to target the weekly resistance at 1.3920 today.
However, the 200– hour simple moving average at 1.3871 could provide resistance for the currency exchange rate within this session
