GBP/USD: Moving Averages acting as support
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The price is consolidating along the Moving Averages. Considering the double pullback from resistance at 1.2913, bears are likely going to test the closest support at 1.2843 - 1.2816. However, if we have a pullback from this area, we should keep in mind the next resistance at 1.2913 - 1.2945 as the next bullish target.
The 55 & 34 Moving Averages are acting as support. If these lines turn out to be broken, bears are likely going to achieve the closest support at 1.2848 - 1.2839. At the same time, if a pullback from this area happens, bulls will have a chance to deliver a new local high.