- GBP/USD is spiking to the upside amid broad-based USD weakness.
- The level to beat for bulls is the 1.3143 resistance.
GBP/USD daily chart
GBP/USD rebounded sharply from above 1.2700 and the 2020 lows to hit the 1.3200 figure five days later. The pound seems en route toward the 2020 highs.
GBP/USD four-hour chart
GBP/USD is spiking up while above the main SMAs as bulls remain firmly in control. If the market breaks the 1.3143 resistance the next levels to watch can be located near the 1.3200 and 1.3252 resistances, according to the Technical Confluences Indicator. On the other hands, dips could find support near the 1.3060, 1.3020 and 1.2978 levels.
Resistance: 1.3143, 1.3200, 1.3252
Support: 1.3060, 1.3020, 1.2978
Additional key levels