The GBP/USD pair has been trending downwards since the 11th of March, with the price falling from 1.4434 down to 1.4147.
During the European Session, the pair felt aggressively from 1.4276 down to 1.4146. In the event that the price breaks above 1.4215, the pair could rise up to 1.4257 and 1.4292 in extension.
Conversely, in the scenario where the sellers keep exerting strong pressures and the price manages to break below 1.4111, the pair could find support at 1.4038 and 1.3913 respectively.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.