The pair managed to fill the bearish gap produced by the Italian Referendum's uncertainty and currently, it's trying to consolidate above the resistance level of 1.2732. That area should be key during this week, as it can help to cap further gains in GBP/USD, but our short-term view is still calling for more bullish bias ahead, looking for the 1.2840 level across the board.
H1 chart's resistance levels: 1.2732 / 1.2840
H1 chart's support levels: 1.2625 / 1.2568
Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.2732, take profit is at 1.2840 and stop loss is at 1.2625.
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