GBP USDNagitive if breaks above 1.2940The Pound traded higher for the second successive session in the last session to close at 1.3130 after making a high at 1.2805. Currently, the pair is trading with a bullish showing on the 1H chart, ahead of the formal start of Brexit negotiation that is set to kick start today. Also, the MACD indicator is trading in the positive territory, hinting at the presence of bullish momentum in the coming session. Key near term resistance to be watched is positioned at the 1.2790 level, followed by the 1.3215 and 1.3250 levels. A clear break and stability above the latter might lead to further strength in the pair.
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