The British pound sterling was trading bullish on Friday, recovering from the losses from the previous two days.
Price action made a decent turnaround from the 1.3122 level of support.
With the Stochastics also moving out from the oversold levels, the GBPUSD could be aiming for 1.3300 once again.
But only a strong breakout above 1.3300 will convince the markets of further upside.
Else, we could see the cable settling into a sideways range between the said levels for the moment.
The targets remain the same with 1.3000 as the downside support area if 1.3133 fails.
