GBP/USD struggles around 1.3200

GBP/USD has entered a consolidation phase just below the 1.32 mark, after the upside was capped by the 1.3210 area during the European session.

GBP/USD reached its highest level in over three weeks at 1.3209 but failed to hold gains and pulled back slightly. At time of writing, the pair is trading at 1.3185, still up 0.36% on the day.

Next on tap, the US will release August Markit manufacturing PMI and Richmond Fed manufacturing index, as well as July new home sales.

GBP/USD technical levels

As for technical levels, next resistances could be found at 1.3209 (Aug 23 high), 1.3271 (Aug 1 high) and 1.3300 (psychological level).  On the flip side, supports are seen at 1.3104 (21-day SMA), 1.3039 (10-day SMA), 1.2978 (Aug 17 low) and 1.2900 (psychological level).