GBP/USD Daily Forecast – British Pound Failed To Gain More Ground Against U.S.A.

GBP/USD is testing the support level at 1.3250.

U.S. Dollar Is Mostly Flat Against British Pound

GBP/USD is currently trying to settle below the support at 1.3250 while U.S. dollar is losing ground against a broad basket of currencies.

The U.S. Dollar Index failed to settle above the resistance at 96.50 and declined towards the support level at 96.25. In case the U.S. Dollar Index manages to settle below this level, it will move towards the support at 96 which will be bullish for GBP/USD.