Sterling climbs to a one-week high against the US Dollar as follow-through buying persists, with traders eyeing a potential breakout above the 1.3300 level amid ongoing USD weakness.
The GBP/USD pair is experiencing upward momentum as it records its second consecutive day of gains, reaching a one-week high during Wednesday's Asian session. This bullish movement is primarily driven by a broader corrective slide in the US Dollar, which has allowed the pair to target a potential breakout above the 1.3300 resistance level.
The pair is currently in a bullish trend, having reached a one-week high during the Asian session on Wednesday.
Bulls are currently targeting a breakout above the 1.3300 level.
The British Pound extends gains against the US Dollar for the second consecutive session, reaching a one-week peak during Wednesday's Asian trading. The move follows a broader corrective slide in the greenback, fueling bullish momentum for the pair.
The pair is benefiting from a sustained corrective slide in the US Dollar, which has encouraged follow-through buying for two consecutive sessions.