GBP/USD: consolidation under Moving Averages
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There's a 'V-Top', so the price is consolidating under the Moving Averages. It's likely that the pair is going to test the nearest support at 1.2852 - 1.2826 in the coming hours. The subsequent pullback from this area could be a starting point for a bullish price movement towards the next resistance at 1.2930 - 1.2957.
The last 'Triple Top' pushed the pair higher. However, we've got a 'V-Top', so the market is likely going to achieve the closest support at 1.2826. Meanwhile, if a pullback from this level happens little later on, we should watch another resistance at 1.2934 - 1.2964 as an intraday target.