(DAILY NOTION) GBP/USD Possible Soared to 1.3700, Next Mover: British Mortgage Data

Illustration photo of GBP/USD daily chart from Tradingview

GBP/USD is currently trading at around 1.3690, which hit the highest intraday since 2018 and trying to settles above 1.3700.

Today is the first trading day for the GBP/USD and the pair is on the rally as the UK managed to leave the European Union after five years of tense talk and confusion, and investors are blessed the now independent Britain.

Investor's focus will be on how the country picks the pieces after its decades-long membership of the European Union. The transition will not be all that hard because of the deal reached in December. As for today, investors will be focus and react to the December manufacturing PMI from the UK.

It is possible to gain additional momentum in the short-term in case the right catalysts emerge as the RSI indicator reading remains in the moderate territory. As reported by Vladimir Zernov, He pointed out that GBP/USD will move towards the resistance level at 1.3755 if GBP/USD manages to settle above the resistance at 1.3710.

On the support side, He pointed out that the resistance level at 1.3665 will serve as the support level of GBP/USD. GBP/USD will move towards the next support level at 1.3625 if its declines below the 1.3665 level.

FOLLOWME GBP/USD Overall Sentiment (As of 04:30 p.m., Jan 04, 2021),

Short - 35.76%

Long - 64.24%

For information please refer to Vladimir Zernov.