GBPUSD (1.3048): The British pound was seen struggling near the double top resistance level of 1.3034. Price action managed to slightly lift off above this level. With the BoE meeting due later today, we could expect to see some volatility. The upside is likely to see GBPUSD rally toward 1.3205 level of resistance. For this, a successful retest of the current resistance level of 1.3034 will be required. Establishing support could confirm the upside bias. To the downside, there is a risk for GBPUSD to retest the support near 1.2959.
