From the daily chart of the Cable pair, we know exactly this pair is still moving in a bearish bias. At present, since the Stochastic has been already in an oversold zone, we expect GBP/USD to go up to make a retracement in a few days that will be a clear sign of the healthy bearish bias. As long as the Cable pair does not break out and closes above 1.3472, the bearish bias still controls this pair. The price will try to test its next support level at 1.3061.
(Disclaimer)
