GBPUSD BULLISH TURNS ABOVE 1.3400 LEVEL
The British pound has moved towards the 1.3500 level against the U.S dollar, as speculation that a new border agreement is close to being reached, encouraged GBPUSD buying. A deal between the United Kingdom and Ireland on how to run their post-Brexit land border could remove the last obstacle to opening free-trade talks with the European Union. Traders now look to the release of the Non-farm payrolls job report on Friday, with many market participants expecting a solid increase in U.S jobs, and strong monthly wage growth from the American economy.
The GBPUSD pair is technically bullish while trading above the 1.3400 level, further upside towards 1.3549 and 1.3615 seems possible.
Should intraday sellers push price-action below the 1.3400 level, the GBPUSD pair may move back towards the 1.3320 and 1.3300 support levels.