GBPUSD awaiting Brexit vote

The British pound is trading close to the 1.3200 level against the US dollar as traders await a series of key Brexit votes in UK Parliament. A triangle pattern is starting to take shape on the four-hour time frame, although the GBPUSD pair is currently showing no clear intraday trading bias. The short-term trading range remains confined to the 1.13150 to 1.3250 levels, with the 1.3000 level acting as critical weekly support.

• The GBPUSD pair is intraday bearish while trading below the 1.3100 level, key technical support is found at the 1.3000 and 1.2970 levels

• If the GBPUSD pair trades above the 1.3250 level, buyers may test towards the 1.3300 and 1.3388 resistance levels.