Sterling tests near multi-year highs with Brexit deal in sight

11:32 24 December 2020

The GBP/USD extended its upward momentum after breaking above the major resistance at 1.3600 to levels not seen since May of 2018 on mounting speculation that the UK and the European Union are closing in on a Brexit trade agreement. Currently pair is approaching this year highs at 1.3627. Should a break above occur, then another upward impulse towards resistance at 1.3724 could be launched. 

GBPUSD, H4 interval. Source: xStation5

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