GBP/USD Technical Analysis: Ranges ahead between 1.2957 and 1.3100 figure

• GBP/USD is consolidating below the 1.3100 figure after breaking out of the bull flag (blue dotted lines).
• GBP/USD is likely to continue consolidating in a sideways motion between 1.2957 and 1.3100. 
• GBP/USD is trading above its 200-period simple moving average as the bullish bias remains intact. 

GBP/USD 4-hour chart

Spot rate:                         1.3059
Relative change:              -0.45%     
High:                                1.3134
Low:                                 1.3028

Main trend:                      Bullish

Resistance 1:                  1.3100 figure
Resistance 2:                  1.3150 September 21 low
Resistance 3:                  1.3200 figure

  
Support 1:                      1.3050 August 30 swing high, key level
Support 2:                      1.3000 figure 
Support 3:                      1.2957 July 19 swing low  
Support 4:                      1.2900 figure