GBP/USD reaches highs of the session above 1.28

The pair GBP/USD rose above the level of 1.2830 (maximum of the european session) to a new high at 1.2845 of the american session as the dollar index of the US is having a hard time moving away from the minimum of several months.

The pair is traded at 1.2840, a 0.35% on the day. After not reaching the level of 99 on Tuesday, the Index of the u.s. Dollar found a new wave of sales following the data of the macroeconomic weaknesses of the united States and fell to 98.65 for the first time since Donald Trump won the elections in mid-November.

Although the macroeconomic data today in the united States were not considered to be engines of market, they gave an excuse to investors to keep them away from the dollar and keep focused on the european currencies, which have been running strongly since Macron defeated Le Pen in the first round of the French presidential elections. However, the fact that the pair EUR/GBP has been able to accumulate the gains of yesterday for the same reason, has been limiting the bullish momentum in the pair GBP/USD in the midst of a strong inverse correlation.

Technical levels

The couple might find the first resistance technique at 1.2875 (April 18) in anticipation of 1.2900 (psychological level) and 1.2950 (3 October).

To the downside, support could be seen at 1.2760 (21 April), 1.2700 (psychological level) and 1.2615 (march 27).

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