The GBP/USD reviews the 1,3200 area at the beginning of the week.
The upward movement in the cable is driven by greater weakness in the US dollar.
Trump tariffs remain the center of attention in the currency universe.
In a fairly positive beginning of the new negotiation week, the sterling pound managed to extend its bullish impulse, taking to the GBP/USD to several days around the neighborhood of 1,3200.
GBP/USD goes up for sale of USD, observe tariffs
In fact, the cable achieves its fifth consecutive daily progress supported by the continuation of the downward trend in the dollar, which occurs in conjunction with the decrease in US yields throughout the curve, while the yields of the 10 -year bonds are also directed to the south.
The generalized feeling of improvement in the space associated with risk responds to a certain nerve mitigation on the stage of tariffs, particularly after President Trump said during the weekend that smartphones and computers will be temporarily exempt from recently announced tariffs on Chinese imports.
Levels to be observed
Currently, a movement above the 2025 peak in 1,3207 (April 3) should present a possible visit to the maximum of 2024 in 1,3434 (September 26).
At the bottom, the initial support is in the always relevant 200 -day SMA in 1,2817 before April minimum in 1,2707 (April 7) and the interim SMA of 100 days in 1,2643.
In terms of impulse indicators, the Relative Force Index (RSI) indicates a solid bullish posture about 65, while the average directional index (ADX) around 27 suggests a moderate force of the trend.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
