GBP/USD wavers around 1.3100

GBP/USD recovered from daily lows and regained the 1.31 mark during the European session, although the upside remained capped by the 1.3120 area.

The greenback started the week on a firm note, but then surrendered most of its early gains and investors pace back and forth in the absence of major economic data to drive markets. Main attention turns now to the Jackson Hole Symposium of central banks, with Fed’s Yellen due to speak on Friday.
 
GBP/USD recovered from the 1.3020 area where it bottomed out on Friday, and climbed a full cent to a peak of 1.3020 in recent dealings but lacked momentum to stretch higher. At time of writing, the pair is trading at 1.3105, up 0.21% on the day. 

GBP/USD technical levels 

As for technical levels, next resistances could be found at 1.3184 (Aug 19 high), 1.3200 (psychological level) and 1.3271 (Aug 1 high).  On the flip side, supports are seen at 1.3018 (10-day SMA), 1.2978 (Aug 17 low) and 1.2900 (psychological level).