GBPUSD Settles Comfortably Higher

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The British pound sterling is maintaining a bullish hold with prices posting a gradual rally since 29 December.

The pace of gains, however, is likely to stall given the Doji candlestick patterns near the current levels. A bearish follow-through is required in order to confirm the downside. This could potentially see the GBPUSD falling to the 1.3500 level of support.

As long as this support holds, the GBPUSD could be looking to make a rebound once again.

With the threat of a hard Brexit now out of the way, the GBPUSD is likely to focus back on the fundamentals.

The Stochastics oscillator remains overbought at the moment, indicating a possible correction in the near term.

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