• The GBP/USD pair traded in tight range today in the US session as the pair hit few pips low around 1.2950 before recovering slightly to trade at 1.2965 levels.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 1.3092 is likely to act as strong barrier to the bulls and bring a further decline towards lower levels.
   
• To the upside, the immediate resistance can be seen at 1.2981, a break above will take the pair towards next resistance level at 1.3028.
   
• To the downside strong support can be seen at 1.2937 levels, a break below will open the door towards next level at 1.2876.
  
  Resistance Levels
  
  R1: 1.2981 (50% Retracement level)
  
  R2: 1.3028 (61.8% Retracement level)
  
  R3: 1.3092 (Aug 10th high)
  
  Support Levels
  
  S1: 1.2937 (38.2% Retracement level)
  
  S2: 1.2876 (23.6% Retracement level)
  
  S3: 1.2848 (July 11th lows)