GBP/USD - Remained Virtually Unchanged As it Failed to End the Session Above - 11/28/2017 (GMT)

Sterling managed to challenge a seven-week high against the greenback on the back of Brexit news but nothing was announced the prior week. The GBP/USD pair surged more than 1.8% since November 5 after the pullback on the ascending trend line which is standing since March. Moreover, the cable printed the third green straight week and climbed above the 100-week SMA.During Monday’s quiet period, the pair jumped above the 1.3360 strong obstacle but failed to end the day above it and had a neutral to the negative session. Technically, on the short-term timeframe, the MACD oscillator lies with strong momentum above the zero line and the RSI indicator holds the positive path. Our expectation is a bullish run until the next immediate barrier at 1.3450 resistance.