GBPUSD SHORT TERM BULLISH TARGET REACHED

The British pound has moved to its highest trading level against the greenback since July 16th, hitting 1.3297, as the US dollar tumbles across the board. The GBPUSD pair has now pulled back slightly after reaching the initial upside target of the lower time frame inverse head and should. Price-action still remains bullish, with price now trading above the neckline of a much larger bullish pattern.

The GBPUSD pair is strongly bullish while trading above the 1.3205 level, key resistance is found at the 1.3300 and 1.3350 levels.

If the GBPUSD pair moves below the 1.3205 level, key support is found at the 1.3170 and 1.3140 levels.