The pair is consolidating below the resistance level of 1.3271 and it's waiting for clues to follow the upside trend across the board. Ahead of BoE's interest rate decision, GBP/USD could remain in sideways around that area. However, a pullback should take the pair to test the support zone of 1.3113. MACD indicator remains on the positive territory, calling for more rallies in the pair.
H1 chart's resistance levels: 1.3271 / 1.3367
H1 chart's support levels: 1.3209 / 1.3113
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 1.3271, take profit is at 1.3367 and stop loss is at 1.3176.
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