At the moment, the price is confidently holding above the support zone reached earlier. Also, the market managed to overcome the 1.2700 mark for a short time.

Technically, the British pound looks more confident against the euro. As we wrote earlier, in case of the pair growth, most likely, the resistance will occur above the level of 1.2850. In order to make trading decisions, it is necessary to follow the dynamics of the instrument after the publication of data from the U.S. on Wednesday. Also, it will be necessary to assess the actions of traders after the speech of the head of the US Federal Reserve Jerome Powell.