HomeContributorsTechnical AnalysisGBPUSD Bullish ABove 1.3200 Level

GBPUSD Bullish ABove 1.3200 Level

The British pound has moved higher against the U.S dollar, hitting 1.3228, as the U.S dollar index moves lower during early Tuesday trading. The GBPUSD pair currently trades around the 1.3220 level, as sterling traders await the upcoming release of third fiscal quarter Gross Domestic Product figures, from the United Kingdom economy.

The GBPUSD pair remains bullish while trading above the 1.3200 technical level, buyers will likely target the 1.3268 and 1.3307 levels while price-action trades above the 1.3200 level.

Should intraday sellers push the GBPUSD pair below the 1.3200 level, further declines can be expected towards the 1.3189 and 1.3157 technical support levels.

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