GBP/USD: new local high is coming
We’ve got a consolidation, which is taking place between the levels 1.3277 – 1.3115. So, the market is likely going to decline towards a support on the 89 Moving Average. If bears be stopped here, then there’ll be an opportunity to see an achievement of the nearest resistance at 1.3302.
As we can see on the one-hour chart, there’s a flat under the local downward trend. Therefore, the pair is likely going to get a support at 1.3209 during the day. Considering a possible pullback from this level, there’s a chance to have an achievement of the next resistance at 1.3277 – 1.3302 later on.