GBPUSD moves above ceiling area. Can it stay above?
The 1.3286 has been a ceiling over the last 24 plus hours (and a swing level in the past)
The GBPUSD is trading above the 1.3286 level which has been a ceiling since yesterday NY trading and has also been a swing area going back in time too. The move above should give sellers cause for concern and could/should lead to a more bullish tone.
London/ European traders will be leaving for the day and concerns about getting more concensus on PM May plan from DUP (that is agreeable by EU) may squeeze some shorts.
What I know from what I see is the buyers are pushing above the level that has been a ceiling. Can that bias continue now into the London exit and into the Friday NY afternoon?