The British pound's short-term trend versus the US dollar is neutral. And we're witnessing the same correlation with EUR/USD at lower time-frames.
The GBP/USD is attempting to break down its falling wedge and retest the 1.33400. If the bulls prevail, the next possible support/resistance level would be 1.37400-1.38.00.
In contrast to this idea, if the bears seize control of the market, the next 1.400 - 1.200 range might be respected as possible support/resistance.
The GBP/USD is attempting to break down its falling wedge and retest the 1.33400. If the bulls prevail, the next possible support/resistance level would be 1.37400-1.38.00.
In contrast to this idea, if the bears seize control of the market, the next 1.400 - 1.200 range might be respected as possible support/resistance.