GBP/USD climbs back above 1.3100

GBP/USD is back retesting the upper-side of its daily range as the greenback lost momentum over the last hours despite supportive ADP employment data.

GBP/USD recovered from session lows and climbed back above the 1.31 mark over the last minutes, although overall it continues to trade within its recent range with support around 1.3060 and the upside capped ahead of 1.3200.

GBP/USD levels to consider

As for technical levels, immediate supports are seen at 1.3058 (Aug 29 & 30 low), 1.3000 (psychological level) and 1.2978 (Aug 17 low). On the flip side, resistances could be found at 1.3157 (Aug 31 high), 1.3183 (50-day SMA) and 1.3277 (Aug 26 high).