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Support: 1.4015; 1.3850; 1.3650;
Resistance: 1.4315;
GBP/USD moved lower today and marked low at 1.3931 before refuming the up-move. Currently the pair is trading at 1.3995 and yet finds difficulties to fight the 1.40 level. To confirm the bullish trend the pair will need first to advance beyond 1.4025.
The pound recorded a volatile session against the dollar on Friday. In the end, trade ended in favor of the British currency, but the increase was negligible. If the bulls increase their influence, the pair will test the resistance at 1.4147. The session was opened at 1.3952 and the final was 14 pips up. The difference between the highest and the lowest was 100 pips.
Interesting levels to watch for:
Support: 1.3821; 1.3762;
Resistance: 1.4147; 1.4280;