Technical analytics

GBP/USD

GBPUSD

The neutral phase that started last week is still intact. GBP/USD is still in-between 1.3600 and 1.3500. However, buyers fought back control in the night and pushed the pound to the upper limit of the range. The major touched the level in the late European session and spent the rest of it over there. The resistance lies at 1.3600, the support comes in at 1.3500.

Buyers are pressuring the 1.3600 hurdle right now. Should the pound advance beyond the mentioned level, the rally can extend in the short term up to 1.3650.