- Dollar regains lost ground and pushes GBP / USD lower.
- The pound rose modestly against the euro as business reopened in the United Kingdom.
The GBP / USD is trading just below 1.3750 after the start of the American session. Hours ago it rose to 1.3776, the highest level since last Thursday. After which he lost momentum and backed down, cutting profits.
The pair’s rise came after bouncing off the floor on Friday and at the strong support at 1.3665, which remains a key level, which would trigger new selling if it gave way. Both the rebound from this level, as well as the subsequent cut in intraday gains is being guided by the dollar.
The greenback cut losses in the last hours before a rise in the yields of Treasury bonds. The 10-year rate rose to 1.66%, at the beginning of a week full of debt placements that will have more attention than usual.
The libra it also rises against the euro, although it has not set new highs for hours. The reopening of nonessential businesses in the UK gave the pound a boost.
From a technical point of view, The GBP / USD key is in the 1.3660 area. Although downward pressure is seen, as long as it remains above the losses will remain limited. The firm break at 1.3660 will enable a bearish extension, which will expose 1.3600. On the upside, the zone to take into account is 1.3770, which if it yields, leaving the pound with a high probability of returning above 1.3800.
Technical levels
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