The GBP/USD currency pair bounced off a support level near the 1.3600 zone on Monday. As a result, the British Pound edged higher by 130 pips or 0.95% against the US Dollar.
Everything being equal, the exchange rate could continue to surge during the following trading session. The possible target for bullish traders would be near the 1.3850 level.
However, the 200– hour simple moving average at 1.3780 could provide resistance for the currency exchange rate within this session.
