The British pound continues to rise against the US dollar, following last Friday’s bullish weekly price close around the 1.3850 level. The Williams Alligator indicator, which is a key trend based indicator, is currently issuing a powerful buy signal on the one-hour time frame. Continued price stabilization above the 1.3835 level should provoke a coming test of the 1.3900 resistance level.
The GBPUSD pair is only bullish while trading above the 1.3790 level, key resistance is found at the 1.3880 and the 1.3900 levels.
If the GBPUSD pair trades below the 1.3790, sellers may test the 1.3770 and 1.3750 support levels.
