Currency pair analysis GBP/USD

The GBP/USD pair hovers around the 1.3525 level without confirming its position in relation to this level, which makes us stay neutral until we get a clearer indication of the next direction.

We remind that breaking of the mentioned level will put the price under additional negative pressure that targets testing the 1.3460 level as a next negative target. Consolidation above it will lead the price to recover again and achieve gains that start by visiting the 1.3610 level again.

The expected trading range: between 1.3460 support and 1.3610 resistance.

The forecast trend: neutral.