As President Joe Biden comes into office amidst a weakening dollar and political turmoil, GBPUSD continues its rise and currently sits at 1.37000. As the US Dollar continues to weaken, this level may be broken; however, with the ongoing British Lockdown in place, this may limit the pair.
Bulls will wait for the price level to break past 1.37000 before looking for an entry. Whereas, Bears will be looking to enter at this price in hopes of a rebound as the pair has tried this level for the past four times recently.
