GBPUSD testing trendline resistance
The British pound is testing towards key intraday resistance against the US dollar as the pair continued to rebound from the 1.3000 level. If the GBPUSD pair trades moves back inside symmetrical triangle pattern on the four-hour time frame, bulls are likely to test the 1.3100 resistance area. If bulls fail to move price above triangle resistance, sellers are likely to once again test below the 1.3000 level.
If the GBPUSD pair trades above the 1.3060 level, key resistance is found at the 1.3100 and 1.3180 levels.
If the GBPUSD pair trades below the 1.3160 level, key intraday support is found at the 1.3000 and 1.2980 level.