Currency pair analysis GBP/USD

The GBP/USD pair approached the first awaited target at 1.3160 ​​yesterday and rebounded strongly to test the resistance of the main descending channel once again. The price movement maintains its cohesion below this resistance so far, to keep opportunities available for the continuation of the main bearish trend, waiting to rebound downwards to test the mentioned level as a first negative station.

GBP/USD rate online: monitor the price movement in real time.

We remind you that breaking the target level will extend the descending wave to reach 1.3000 areas in the near term, while stability below 1.3265 represents an important condition to achieve the suggested targets.

The expected trading range: between 1.3150 support and 1.3320 resistance.

The forecast general trend: bearish.