The pair is looking forward to consolidating gains as the bulls continue to reunite momentum in order to post new highs across the board. Resistance is being challenged at the 1.3213 level, at which a breakout should open the doors to test the 1.3253 level. To the downside, the nearest support is placed around 1.3113. MACD indicator is on the negative territory, favoring to pullbacks in the near term.
H1 chart's resistance levels: 1.3213 / 1.3253
H1 chart's support levels: 1.3113 / 1.3016
Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3213, take profit is at 1.3253 and stop loss is at 1.3173.
