GBP/USD now sidelined around 1.3350

The sterling seems to have found a comfort zone today, with GBP/USD meandering around the 1.3350 area, a tad lower than daily highs.

GBP/USD attention to EU Summit

The selling bias around the greenback continues to give support to today’s rebound in the pair, managing to abandon the area of 3-decade lows in the 1.3120 region (Monday) albeit with gains capped in the mid-1.330s so far.

In the meantime, market participants will remain vigilant on the upcoming 2-day EU Leaders Summit in Brussels, where the now 27-member bloc will discuss the recent ‘Brexit’ vote (Wednesday).

GBP/USD levels to consider

As of writing the pair is advancing 0.91% at 1.3347 and a break above 1.3833 (previous 2016 low Feb.29) would expose 1.4004 (low Apr.6) and then 1.4244 (20-day sma). On the other hand, the next support aligns at 1.3224 (post-Brexit low Jun.24) followed by 1.3126 (low J un.27).