GBP/USD Price Analysis: Pound trading in five-week’s highs near 1.3140 level

 

 

 

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 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.