GBP/USD pulls back from above 1.3300

GBP/USD is back trading at the 1.3250 zone after being rejected from a daily high of 1.3315 in a relatively quiet New York session, as the dollar regains ground and US stocks pulled back from highs.

The pound benefited from hawkish comments from BoE MPC member Weale, but subdued trading kept gains limited. At time of writing, Cable is trading at 1.3262, still up 0.64% on the day.

GBP/USD technical levels

As for technical levels, GBP/USD could find next resistances line up at 1.3315 (Jul 18 high), 1.3480/82 (Jul 15 high/Jun 27 high), 1.3532 (Jun 29 high) and 1.3600 (psychological level). On the flip side, supports could be faced at 1.3096 (10-day SMA), 1.2970 (Jul 12 low), 1.2849 (Jul 11 low) and 1.2796 (31-year low, Jul 6).