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GBP/USD: market to test next resistance

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There's a new local high. It's likely that the market is going to test the next resistance at 1.3102 - 1.3143 in the coming hours. A pullback from this area could be a starting point for a decline towards the closest support at 1.3047 - 1.3027.

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The last 'Pennant' pushed the pair higher. Nevertheless, we could have a local downward correction in the short term. In this case, we should keep an eye on the nearest support at 1.3032 - 1.3027 as a target for another bullish rally.

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