AT (Amazing Trader) daily chart shows momentum building to the upside following breaks of 1.3398 (200 day mva) and this week’s 1.3401 high, so far with limited follow through.
For momentum to build further, 1.3461 would need to be taken out.
Otherwise, keep an eye on 1.34 as it will set the tone although only sub-1.3322 would negate the risk.
Watch GBP crosses (e.g. EURGBP, GBPJPY) as they have been a source of GBPUSD demand.
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