GBP/USD rallies on early indications of a Trump victory, but a long way to go still

Currently, GBP/USD is trading at 1.2391, up 0.19% on the day, having posted a daily high at 1.2422 and low at 1.2357.

Sterling is rallying on the back of the outlook for Florida win for Trump on the exit polls and Trump in the lead so far for this particular county, albeit very early days still, but 15% of the state is in with Clinton trailing at 46.6%, and Trump 50.1%.

GBP/USD levels

With spot trading at 1.2393, we can see next resistance ahead at 1.2407 (Weekly Classic PP), 1.2415 (Hourly 100 SMA), 1.2422 (Daily High), 1.2427 (Daily Classic PP) and 1.2442 (Yesterday's High). Support below can be found at 1.2391 (Hourly 20 EMA), 1.2376 (Daily 20 SMA), 1.2370 (Daily Open), 1.2359 (Yesterday's Low) and 1.2357 (Daily Low).