The British pound continues to consolidate around the 1.3200 level against the US dollar as the pair searches for a directional bias. A clear breakout under the 1.3190 level could see the GBPUSD pair trading down towards the 1.3155 support region. Failure to move price under the 1.3190 support level could see the GBPUSD pair trading back towards the 1.3250 resistance area.
The GBPUSD pair is only bullish while trading above the 1.3190 level, further upside towards the 1.3250 and 1.3280 levels then seems possible.
If the GBPUSD pair trades below the 1.3190 level, key support is found at the 1.3155 and 1.3100 levels.
