The GBP/USD pair has been trending downwards since the 5th of January 2016, with the sellers leading the price from as low as 0.7312 to as high as 0.7508.
In the event that the bears keep pushing the pair lower and the price breaks below 0.7386, profit targets could be set at 0.7369 and 0.7353 in extension.
On the other hand, in the scenario where the price manage to reach the 0.7508 level, the price can rise up to 0.7628.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.