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The British pound sterling is holding on the gains as price action nears the 1.3000 level once again.

This was the resistance level that held up in the previous test just last month.

It will be interesting to see how the GBPUSD will react near this level.

For the moment, a breakout above the 1.3000 handle could open the currency pair for a test toward the 1.3122 level of resistance next.

Alternatively, if the 1.3000 resistance holds up, we could expect price to maintain a range within the 1.3000 level and the 1.2750 handle in the near term.

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