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    GBP/USD: technical analysis

    GBP/USD: technical analysis

    The GBP/USD pair has broken the upward trend. The price started a flat correction from the support line 1.4229. It's likely that the upward movement will go higher to a resistance area between the levels 1.4346 - 1.4408. At the same time, there’s a possibility that bears are going to come back to the market afterwards.

    GBP/USD: technical analysis

    We’ve got the differently directed movement in a range between a resistance at 1.4346 and a support at 1.4229. It’s likely to see the market falling down towards a support area between the levels 1.4275 - 1.4229 in the short term. If the price starts rising from these levels, then it's likely that the pair will test a resistance area between the levels 1.4346 - 1.4378.

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