Pound Sterling Price News and Forecast: GBP/USD refreshes multi-month highs
|GBP/USD fills week-start gap-down towards regaining 1.3700 amid mixed clues
GBP/USD probes an intraday high of 1.3665 while filling the downside gap to 1.3650 during the early Asian session on Monday. In doing so, the cable traders remain cautiously optimistic following a Brexit deal passage by the UK’s Parliament as the coronavirus (COVID-19) woes probe bulls.
Despite overcoming the thorny issue of Brexit and getting it through the parliament, the Britons aren’t spared from the divorce issues. Recently, The Telegraph came out with the news suggesting British ex-pats stopped from boarding to Spain amid documentations issues.
GBP/USD Price Analysis: Cable refreshes multi-month highs
GBP/USD is trading at 1.3690 at press time. That's the highest level since April 2018. The previous 31-month high of 1.3686 was reached last week.
The inverse head-and-shoulders breakout seen on the weekly chart indicates the path of least resistance is to the higher side, and significant resistance is currently located at 1.4056.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.