GBPUSD BUYERS TARGETING 1.4100 LEVEL
The British pound has continued to press higher against the greenback during the European trading session, with price-action surging towards the 1.4078 technical level. The GBPUSD pair is currently trading around the 1.4050 area, as traders start to book intraday profits from overextended technical levels. Moving into the U.S trading session, the next upside barrier for buyers is the 1.4110 level, whilst key daily technical support is situated around the 1.4000 region.
The GBPUSD pair retains an intraday bullish bias whilst price-action clearly trades above the 1.4000 level, further upside towards the 1.4110 and 1.4199 levels appears possible.
Should GBPUSD price-action move below the 1.4000 level for an extended period, sellers will likely test towards the 1.3939 and 1.3892 levels.