GBP/USD Pushing Higher

GBP/USD has broken 1.3230 resistance indicate an extension of bullish momentum. Support is given at 1.3027 (06/10/2017 low). Expected to show continued increase towards stronger resistance at 1.3338 (13/10/2017 high).

The long-term technical pattern is reversing. The Brexit vote had paved the way for further decline. Long-term support can be found at 1.1841 (07/10/2017 low). Long-term resistance given around 1.35 is at stake and indicates a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

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