GBP/USD extends the upward trajectory towards the fresh high in over three years while taking the bids around 1.4248, up 0.14% intraday, during early Tuesday. The cable broadly benefits from the US dollar weakness as well as optimism surrounding the UK’s gradual unlock by the press time. UK Manufacturing PMI, Brexit headlines and US ISM Manufacturing PMI will be eye during the day.
GBP/USD accumulates gains in the early hours of the Asian session. More gains if price decisively breaks above 1.4225. Momentum oscillators tilt in favor of upside momentum.
On the 4-hour chart, the GBP/USD pair has been consolidating in a broader range of 1.4100 and 1.4228. If price breaks the upside barrier, then it could offer more upside opportunities for the bulls. The first upside target could be located at the 1.4250 horizontal resistance level.
