Forecast for British Pound: Bullish

GBP/USD may face range-bound conditions over the coming days as the 1.2950 (23.6% retracement) to 1.3000 (61.8% retracement) area offers support, with a move back above 1.3090 (38.2% retracement) raising the risk for a move towards 1.3170 (78.6% retracement).