British Pound is trading higher against the US Dollar near 1.3000 psychological mark as sentiment around the Pound improved amid PM May's victory in the House of Common against the no-confidence vote.
In economic docket, UK retail sales data is due on the day which is expected to slide below expectations. This may cap the upside in the Cable.
Levels to Watch
The 4-hour chart shows that the pair is strongly bullish as it is marginally higher above 20-period moving average and 200-period moving average. Meanwhile, Relative Strength Index is near the oversold territory but momentum indicators are maintaining the upside slope.
Support levels: 1.2930 1.2885 1.2840
Resistance levels: 1.3000 1.3035 1.3080
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