The Sterling hit its highest level since May 2019 versus the US Dollar on increasing confidence that the general election on Dec. 12th will return the Conservative Party to power with a healthy majority.
We are closely watching the 1.3136 main resistance level. In order for the rise to continue, it needs to break out and stay above 1.3136 on a four hourly basis. In this case, the next daily resistance level will be at 1.3231. Otherwise, the daily support level can be found at 1.3046.
Support : 1.3136 - 1.3231 - 1.3313
Resistance : 1.3046 - 1.2947 - 1.2838
05 Dec 19 (Thu)