GBP/USD gained some ground as traders focused on the Retail Sales report from the UK. The report indicated that Retail Sales increased by +1.2% month-over-month in May, compared to analyst forecast of +0.5%. On a year-over-year basis, Retail Sales increased by +3.2%.

Today, traders also had a chance to take a look at the GfK Consumer Confidence report. The report showed that Consumer Confidence remained unchanged at -23 in June, compared to analyst forecast of -24.

The nearest resistance level for GBP/USD is located in the 1.3250 – 1.3265 range. If GBP/USD climbs above the 1.3265 level, it will move towards the next resistance at 1.3335 – 1.3350. RSI has recently moved out of the oversold territory, so there is plenty of room to gain momentum in case the right catalysts emerge.