GBP/USD is still dealing with the bears around the 200 SMA on the H1 chart, where the pair should remain above to reach the next resistance at the 1.3406 level in the short term. If the Cable wants to strengthen the bullish bias, then we should see a breakout beyond that resistance zone, and that could open the doors to test the 1.3500 psychological level.
H1 chart's resistance levels: 1.3300 / 1.3406
H1 chart's support levels: 1.3148 / 1.3001
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3300, take profit is at 1.3406 and stop loss is at 1.3193.
