The British pound has been in consolidation over the past few weeks after trending upwards. The price continues to range between a support level at 1.41000 and resistance at 1.42000. Should the pair continue to trade above the pivot point at 1.41600, the pair will have the opportunity to break upwards. If it breaks above 1.42400, the pair will continue its bullish trend.
However, should the pair trade below the 1.41600, sellers will continue to test the support level at 1.41000. Should the support level break, sellers will target the following support level at 1.39600.