The British pound continues to press higher against the U.S dollar, with price-action now testing towards the former weekly high, at 1.3360. The GBPUSD pair currently trades around the 1.3350 level, with dip buyers stepping in earlier at the key 1.3307 level. Moving into the U.S session, the key 1.3400 price region may act as the natural upside target above the 1.3360 level for sterling buyers. Tuesday also promises to be volatile day for the GBPUSD pair, with BOE Governor Mark Carney speaking, and the release of the BOE Financial Stability Report.
The GBPUSD pair remains technically bullish while trading above the 1.3307 level. Further intraday upside towards the 1.3400 and 1.3430 levels seems entirely possible today.
Should the GBPUSD pair start to slip much below the 1.3307 technical level, further selling towards the 1.3268 level appears most likely.
