He GBP/USD continues its ascent following the confirmation of the signing of the Brexit agreement between the EU and the UK. The British pound has risen more than 80 pips since then, currently rising to fresh six-day highs at 1.3610.
At time of writing, the pair is trading above 1.3607, gaining 0.82% on the day.
Ursula von der Leyen, President of the European Commission, and Charles Michel, President of the European Council, signed a new Trade and Cooperation Agreement with the United Kingdom on Wednesday on behalf of the European Union. The agreement, sealed in Brussels this morning, will regulate relations between the two parties after Brexit.
The risk appetite originated by the signing of the agreement has pushed the dollar down, with the DXY index that measures the greenback falling at the moment to 89.68, a new low since April 19, 2018.
Niveles GBP/USD
If the pound manages to hold above 1.3600, the next resistance on the way to the upside is at 1.3619, maximum of December 24, and 1.3624, where the peak of December 17 is located, which is the highest level since May 2018.
To the downside, a drop below 1.3500 will initially target 1.3429, the December 28 floor, to continue to 1.3304, the December 22 low.
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