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The British pound sterling posted gains on Friday and is now a few pips shy of posting a two-month high. Price closed above the 1.3122 level of resistance on Friday.

But with price action consolidating only above this level, we could expect to see prices snapping back.

The 1.3000 level of support to the downside remains the key target.

If the current bullish momentum continues, then the GBPUSD might be looking to targeting the 1.3300 handle next.

This will potentially trigger further gains or could lead to a sideways range forming between 1.3300 and 1.3122 levels.

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