GBP/USD Through 1.4400, Daily Tops
The British pound keeps pushing higher on Tuesday, now lifting GBP/USD to fresh peaks beyond the 1.4400 handle.
GBP/USD extends the rebound from 1.4130
The
pair prolongs its weekly bounce off Monday’s troughs in the 1.4130
area, up nearly three cents following renewed GBP strength on dwindling
‘Brexit’ fears and a persistent softness surrounding the US dollar.
Data wise in the UK calendar, Governor M.Carney is due to speak later, while UK’s labour market figures are expected tomorrow.
GBP/USD levels to consider
As
of writing the pair is up 0.91% at 1.4408 and a breakout of 1.4442
(100-day sma) would aim for 1.4460 (high Mar.30) and then 1.4517 (high
Mar.18). On the other hand, the immediate support aligns at 1.4173 (50%
Fibo of 1.3833-1.4517) ahead of 1.4088 (low Apr.14) and then 1.4004 (low
Apr.6).
