GBP/USD: market to test the next resistance
Read the article on FBS website
The pair is consolidating between the levels 1.3081 - 1.2957. It's likely that the market is going to test the next resistance at 1.3102 in the short term. A pullback from this level could be a starting point for a decline in the direction the nearest support at 1.3027 - 1.2982.
It seems like there's a 'Flag' pattern, which is almost formed. So, the price is likely going to reach another resistance at 1.3081 - 1.3102. If a pullback from this area happens next, there'll be an opportunity to have a downward correction towards the Moving Averages.