GBP/USD - Holds Above the Ascending Trend Line - Next Bullish Target 1.3230 - 11/15/2017 (GMT)

Sterling is still holding above the short-term ascending trend line versus the greenback and managed to challenge it several times over the last two weeks. The GBP/USD pair failed to break below the diagonal line and touch the 1.3000 strong psychological level, so far. Meanwhile, the price jumped above the 100-day SMA and is moving towards the 1.3230 resistance level, which coincides with the 50-day SMA. However, if the price prints a pullback on the latter level will open the way for 1.3000. On the other hand, a run above 1.3230 will expose the cable towards 1.3320. Technical indicators are moving with weak momentum near its mid-levels and they don’t give any clear signals for the tendency on price.