GBP/USD Technical Analysis

Against the background of investors' optimism, our pair was able to turn around five days ago and head up from the level of 1.2785. Yesterday Prime Minister Theresa May arrived in Brussels to continue negotiations and the pair halted growth in fear of a failure.

The dollar index is in the corridor and after the rally last week does not show active growth.

Technical indicators are set on purchase. Soon our fast MA will cross the slow MA from the bottom up and also point to a purchase.

Now the support level is 1.3040 and the pair was able to consolidate above this mark.

We believe that the pair will continue the upward movement and will go to the levels of 1.3010, 1.3130, and 1.3160.