GBP/USD recovery back in the vicinity of the multi-month high of 1.30 not cracked yet

FXStreet – The GBP/USD was in the middle of the 1,2900 new commandments, and so he approaches the more than 7-month high, which in connection to the Macron victory in the French presidential elections, was formed.

Currently, the trade takes place to 1,2970/80, while the Pair of the positive sentiment towards the USD and thus it is recovering from most of its initial losses. While the lack of important fundamental data, the correction of the US Treasury bond yields-the most important factor for the Couple.

The good NFP results from Friday, the market participants ‘ expectations of a Fed rate hike in June, rise and the Greenback benefited.

The market ignored, however, the comments from the Macron economic advisers, talked about, Macron UK does not want to punish them for Brexit. Om is also a focus of the BoE’s Super Thursday this week.

The UK Halifax house price index was slightly disappointing, and this increased the selling pressure against the Major.

From the USA expect us today, the LMCI and the St. Louis Fed President James Bullard’s speech.

GBP/USD bullish closing above 1.3000

Important Levels

On 1,2980, the next Resistances lie at 1.30, 1,3025/30 and 1,3080/85. On the other hand, supports are located in the middle of the 1,2900 at 1.2920, 1.2900, and 1,2865/60.

** FXStreet News Editorial, FXStreet**

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