The 50-period SMA is acting as a great support since the beginning of the month. Buyers bought the dips, once more, pushing the Cable back towards the 1.3350 area amid economic optimism. Coronavirus vaccine hopes could keep the Pound bulls hopeful amid ongoing Brexit negotiations. Today, the bias will remain with the bulls targeting 1.34 and beyond as long as the 50 SMA remains well supported.
Support: 1.3310 / 1.3270
Resistance: 1.34/ 1.3450
