The British pound is currently neutral in the short-term against the U.S dollar, as traders await the Bank of England Interest Rate Decision and Policy Statement. The GBPUSD pair currently trades around the 1.3570 level, after again finding dip-buying interest from the pairs key 200-day moving average earlier today. A decline below the 1.3482 level should support further downside towards the 1.3400 level, while a move above the 1.3606 level may see buyers testing towards the 1.3700 level.
The GBPUSD pair remains bearish while trading below the 1.3592 level. Medium-term support is found at 1.3482 and 1.3400 levels.
If the GBPUSD pair starts to move above the 1.3606 level, key medium-term resistance is found at the 1.3650 and 1.3711 levels.
