The surge of the GBP/USD had turned into a consolidation on Thursday. Namely, after touching the 1.3350 level the rate slightly declined and afterwards began to trade sideways.
On Thursday, during the morning hour the rate was set to meet with the support of the 55-hour SMA. This technical support could push the pair higher.
On the other hand, if the pair passes the support of the 55-hour SMA, it could decline down to the weekly R2 at 1.3238.
