The British pound has moved sharply higher against the U.S dollar, hitting 1.3280 during today’s European trading session. The pound has been one of the foreign exchange market’s strongest performing pairs over the last few trading session, driven by German political fears. The GBPUSD pair currently trades around the 1.3245 level, with the 1.3268 level still remaining a major medium-term technical price hurdle for pound buyers.
The GBPUSD pair remains intraday bullish while holding above the key 1.3220 level. Further upside towards the 1.3307 and 1.3360 levels appears likely.
Should price-action decline below the 1.3220 level, sellers may push the pair towards the 1.3200 and 1.3168 technical levels.
