In the last two weeks the GBPUSD has made repeated attempts to break through the now significant level of 0.3250 which has repelled prices and offered strong resistance to higher prices. At the same time, the GBPUSD has enjoyed some solid support from another key level at 1.30 level which it broke through a few weeks ago on its strong surge higher. Leading up to this recent consolidation above 1.30, the previous two weeks saw the GBPUSD surge higher through two key levels, and it has since consolidated in a range between 1.30 and a five month high around 1.3250. Just prior to the surge, it was meeting resistance at the key 1.2650 level, remaining within a narrow range consolidating between another key level of 1.25 and 1.2650, whilst enjoying support from the 1.25 level. Should the current support at 1.30 fail, then either of these levels may be expected to step in and provide some support to a declining GBPUSD.