GBPUSD NOW BULLISH ABOVE 1.3420 LEVEL
The British pound has surged to a fresh weekly trading-high against the US dollar, following the release of much stronger than expected UK Retail Sales Data. The GBP/USD pair currently trades around the 1.3435 level and remains technically bullish while trading above the 1.3420 level. Sterling traders now look towards the release of key US Retail Sales data and the UK Inflation Report Hearing.
The GBPUSD pair is bullish while trading above the 1.3420 level, key technical resistance is located at the 1.3450 and 1.3471 levels.
If the GBPUSD pair fails to move above 1.3420 level, sellers may test back towards the 1.3400 and 1.3341 support regions.