GBP/USD pushes higher, approaching 1.3100 ahead of Carney

The Sterling is following the rest of the risk-associated assets on Thursday, lifting GBP/USD to challenge fresh daily highs in the 1.3080/85 band.

GBP/USD firmer ahead of BoE-speak

The pair met extra buying pressure following the steady stance from the FOMC at its meeting on Wednesday, hurting the greenback and allowing GBP to advance for the second session in a row and trade at shouting distance from the 1.3100 handle.

Absent releases in the UK today, the focus of attention will remain on the USD-dynamics following yesterday’s FOMC meeting, along with speeches by BoE’s Carney, Forbes and Cunliffe.

In view of Carol Harmer, Founder at charmertradingacademy.com, “now our short term charts do currently show overbought, so be prepared initially for a pullback towards key support at this 1.2945/20 area”

GBP/USD levels to consider

As of writing the pair is advancing 0.37% at 1.3081 facing the next up barrier at 1.3153 (55-day sma) followed by 1.3190 (20-day sma) and finally 1.3321 (23.6% Fibo of June-July dro). On the other hand, a break below 1.2945 (low Sep.20) would open the door to 1.2863 (low Aug.15) and then 1.2796 (2016 low Jul.6).