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GBP/USD: market to test the nearest resistance

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Bears faced support at 1.2839, so the pair is consolidating. In this case, it's likely that the market is going to test the nearest resistance at 1.2930 - 1.2953. The following pullback from this area could lead to another decline in the direction of the next support at 1.2852 - 1.2830.

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The market is consolidating between the levels 1.2921 - 1.2830. The main intraday target is the next support at 1.2866 - 1.2852. If a pullback from these levels happens next, bulls will probably try to reach another resistance at 1.2930 - 1.2953.

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