GBP/USD moved away from recent lows as traders took some profits off the table after the strong move. In the UK, traders focused on the GfK Consumer Confidence report for September. The report showed that Consumer Confidence improved from -14 to -13, compared to analyst forecast of -16.

If GBP/USD moves above the 1.3250 level, it will head towards the resistance at 1.3285 – 1.3300. In case GBP/USD manages to settle above 1.3300, it will move towards the 50 MA at 1.3345. RSI is in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge.