After lackluster jobs data, the UK's monthly economic growth reading met forecasts at 0.2%.
The better growth compared to the previous month gave some support to the current movement of the Pound in the market.
The pressure on the Pound previously also eased when the US dollar again lost its strengthening momentum.
On Wednesday, the United States (US) published inflation data triggered a strengthening of the US dollar, but on Wednesday yesterday the currency weakened again.
Investors examine the impact of published data on movements on the chart of the GBP/USD currency pair.
After showing a bearish pattern since the beginning of the week, the price has dropped to around 1.27500 as of last Tuesday.
However, the slow rise in prices was shown again on Wednesday yesterday with resistance at the 1.28000 zone seen to continue to be tested.
The price remains hovering horizontally in the 1.28000 zone continuing trading today (Thursday).
The price movement around the Moving Average 50 (MA50) line on the 1-hour time frame on the GBP/USD chart is also watched by investors for further indication of the direction of movement.
If a lower drop is displayed after this, the price is expected to head towards the RBS (resistance becomes support) zone at 1.27000.
The continued lower decline will target around 1.26000 which was the focus of the price before.
However if a successful rally is displayed, a surge above the 1.28000 zone will push the price towards the 1.29000 resistance zone.
The zone will be tested after the price rally at the end of last week almost touched it before retreating lower.
