GBP/USD is expected to trade with a bullish bias above 183. According to the chart, the pair stands firmly above its intraday support at 183. It is expected to post a new bounce to challenge 184.40. The RSI indicator is headed up jumping above its neutrality area of 50, which should confirm a positive bias. So, as long as 183 holds on the downside, a new rise to 184.40. and 184.85 seems to be on the cards.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 184.30 and the second target at 184.85. In the alternative scenario, short positions are recommended with the first target at 182.30 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 181.80. The pivot point is at 183.

Resistance levels: 184.30 184.85 185.45

Support levels: 182.30 181.80 181