The British pound sterling is maintaining its steady winning streak, as price rose to a fresh four-month high on Wednesday.
After a brief move above the 1.3000 level, GBPUSD is retreating.
If the declines continue, the rising trend line could be tested for support. A close below this trend line might however signal a move lower.
The price level near 1.2813 will be the prime level to establish support. But this would mean that on a rebound, GBPUSD will have to breakout higher above the 1.3000 level.
To the upside, the next main resistance level is found at 1.3122.