GBP/USD: consolidation going to move on
The price is consolidating. So, bears are likely going to achieve the nearest support at 1.2226 in the short term. Meanwhile, if we see a pullback from this level, there’ll be an opportunity to have an achievement of the closest resistance at 1.2476.
We’ve got a flat on the one-hour chart. Therefore, the price is likely going to get a support at 1.2349 – 1.2226 in the short term. Considering a possible pullback from these levels, bulls will probably try to deliver an upward correction afterwards.