GBPUSD STRONGLY BULLISH ABOVE 1.3944 LEVEL
The British pound has moved to a fresh nineteen-month trading high against the U.S dollar, hitting 1.4002 in early Tuesday trading, as the U.S dollar index slips lower. The GBPUSD pair has continued to advance, despite the U.S government shutdown coming to an end on Monday, after a short-term spending agreement was made for the next three-weeks. Going forward, sterling buyers are looking to extend the upside rally above the 1.4000 level, with the 1.4030 level the next technical barrier head.
The GBPUSD pair remains strongly bullish while trading above the 1.3944 level, key upside resistance levels for the pair remain 1.4000 and 1.4030.
Should price-action on the GBPUSD pair start to trade below the 1.3940 level, intraday support is found at 1.3927 and 1.3880.