Wed, Feb 01, 2023 @ 00:24 GMT
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GBPUSD Still Intraday Bullish Above 1.3807

The British pound continues to recover against the greenback, as bullish comments from UK PM Theresa May and a return to risk-on trading sentiment help to underpin sterling strength. The GBPUSD earlier reached a high of 1.3878, but has now retraced lower, with price-action currently consolidating just below the 1.3850 region. Traders now look towards a key-note speech from Bank of England member Haldane during the European trading session, and the key 90.00 level on the U.S dollar index.

The GBPUSD pair remains bullish above the 1.3807 level, buyers will continue to target the 1.3858 and 1.3914 resistance levels.

Should GBPUSD price-action move below the 1.3807 level, key intraday technical support is then found at the 1.3765 and 1.3711 levels.

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