The British pound is attempting to move towards the top-end of its recent short-term trading-range against the US dollar, after sellers failed to hold price below the 1.3500 level. The GBPUSD pair currently trades around the 1.3540 level, after again finding strong dip-buying demand below the key 1.3500 level. Sterling traders continue to look for gains towards the 1.3600 resistance level, while watching the intraday direction of the US dollar index.
The GBPUSD pair is only intraday bearish while trading below the 1.3500 level. Key support remains at the 1.3458 and 1.3425 levels.
If the GBPUSD pair continues to hold above the 1.3500 level, buyers will again test towards the 1.3568 and 1.3606 resistance levels.
