GBP / USD hits new month-long highs around 1.3990 / 95

The GBP/USD has starred in an important rally this Monday, accelerating more than 180 pips from the intraday low of the beginning of the day at 1.3810 to the new one-month high reached in the American session at 1.3992.

The pair has benefited from the activation of the risk sentiment, caused by the hope placed in the vaccination processes in the United Kingdom and the EU.

The dollar is the biggest loser, with the DXY index plummeting today to 91.03, its lowest level since March 4. At time of writing, the greenback is trading above 91.13, losing 0.43% daily.

With no relevant data to be known this Monday, operators await the publication of employment figures for the United Kingdom in March, which will be revealed tomorrow at 06.00 GMT.

Niveles GBP/USD

With the cross currently operating around 1.3984, gaining 1.10% on the day, the next resistance to beat is located in the psychological zone 1.4000. Higher wait 1.4017, ceiling of March 4, en route to 1.4243, maximum of February 24 and the last three years.

On the downside, initial support is at 1.3900. Below, the target is at 1.3810, daily ground. If broken, the next level to consider awaits at 1.3716, April 16 low.

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