Search ForexCrunch
  • The GBP/USD breaks above 1.3085 resistance level representing 23.6% Fibonacci retracement of Sterling from 2018 high of 1.4377 to 2018 low of 1.2662.
  • The UK Cabinet meets with Brexit Minister Raab sending thumbs-up  signal on his way out.
  • The market sentiment now is positive as Brexit optimism is on the rise although on a cautious path.  
  • A sustainable break above 1.3085 and 1.3100 should see GBP/USD testing  1.3175 and 1.3260.

GBP/USD 1-hour chart