GBPUSD is moving within the 1.30500–1.31600 range

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General outlook

GBPUSD has been trading in a bullish trend within the last day. Support levels are now located at 1.30500 and 1.29965.

Now, the resistance level is located at 1.31600.

If the pair rebounds from the resistance level, analysts recommend opening a Sell order with a take profit at the nearest support level. In case the breakout is confirmed, analysts suggest opening a Buy order.

The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market.