Uncertainty around Brexit stalls the rally on the GBP/USD

The GBP/USD was in a good bullish pullback from the 1.3000 zone as shown on the daily chart until it got to the 1.3300 zone where it stalls its rally. The probability that the Bank of England may raise its interest rates has been diminished by the uncertainty surrounding the Brexit negotiations. That is why during today’s session we can see that the GBP/USD has bounced to the downside from the 1.3300 zone. However, the 1.3200 level may act as a support, especially when we can see the 55 day EMA around that level. Below the 1.3200 level its next support could be the 1.3000 level where we can also find the 200 day EMA very close to that zone. To the upside, in case the pair breaks above the 1.3300 level, its next resistance may be the 1.3500 level, followed by the highs that it made around the 1.3600 level.