GBP/USD above 1.63 handle

FXstreet.com (London) - Strategists at TD Securities note that "">Sterling is the top performing G10 currency this morning with a fairly solid UK GDP report keeping the currency well supported. “Decent growth numbers were near consensus however, and it seems the outsized GBP rally also has a lot to do with a break of key resistance at 1.6240/50. A close above that level would add to bullish momentum”.

GBP/USD Levels

The 20 DMA is 1.6073, the 50 DMA is 1.6083 and the 200 DMA is 1.5522. RSI (14) reads 73.76. Supports are ascending from 1.6093, 1.6110, 1.6134, 1.6168, 1.6210, 1.6241 and 1.6260. Spot is 1.6314 while key resistance is 1.6380