“¢ Sliding US bond yields/trade tensions prompt some fresh USD selling. “¢ Last week’s hawkish BoE twist continue to underpin the British Pound. “¢ Brexit uncertainties might contribute towards capping further gains. The GBP/USD pair quickly recovered an early European session dip to 1.3220 area and spiked to fresh session tops in the last hour. The latest leg of sharp uptick over the past couple of hours could be attributed to some renewed greenback selling bias, dragging the key US Dollar Index to the 94.00 neighborhood. Against the backdrop of escalating trade tensions between the US and other major economies, sliding US Treasury bond yields kept the USD bulls on the defensive and was seen as one of the key factors driving the pair higher. The pair has now turned positive for the third consecutive session, with last week’s hawkish BoE twist underpinning the British Pound and supporting the pair’s goodish rebound of over 60-pips from session lows. It, however, remains to be seen if the pair is able to move back/sustain above the 1.3300 handle amid prolonged Brexit uncertainties and amid silent macroeconomic docket. Technical levels to watch Momentum beyond the 1.3300 handle is likely to confront resistance near the 1.3315 area, above which the pair is likely to target 1.3370-75 intermediate hurdle en-route the 1.3400 round figure mark. On the flip side, the 1.3250-45 region now seems to protect the immediate downside, which if broken could accelerate the fall towards the 1.3200 handle en-route its next major support near the 1.3165 area. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD recovers toward 0.7430 as US Dollar Index slips below 94 FX Street 5 years "¢ Sliding US bond yields/trade tensions prompt some fresh USD selling. "¢ Last week's hawkish BoE twist continue to underpin the British Pound. "¢ Brexit uncertainties might contribute towards capping further gains. The GBP/USD pair quickly recovered an early European session dip to 1.3220 area and spiked to fresh session tops in the last hour. The latest leg of sharp uptick over the past couple of hours could be attributed to some renewed greenback selling bias, dragging the key US Dollar Index to the 94.00 neighborhood. Against the backdrop of escalating trade tensions… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.