Daily analysis of GBP/USD for September 13, 2017

The pair is consolidating below the resistance level of 1.3271 and it's waiting for clues to follow the upside trend across the board. Ahead of BoE's interest rate decision, GBP/USD could remain in sideways around that area. However, a pullback should take the pair to test the support zone of 1.3113. MACD indicator remains on the positive territory, calling for more rallies in the pair.


H1 chart's resistance levels: 1.3271 / 1.3367

H1 chart's support levels: 1.3209 / 1.3113

Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3271, take profit is at 1.3367 and stop loss is at 1.3176.

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