GBP/USD Seems Undecided!
The GBP/USD pair was trading at 1.0692 at the time of writing. In the short term, the price increased but now it has dropped below the uptrend line signaling that the swing higher could be over and that the sellers could drag the rate down again.
The 1.0648 low stands as a downside obstacle. As long as it stays above this level, GBP/USD could come back to test and retest the uptrend line. 1.0881 today's high represents a strong upside obstacle.
GBP/USD Trading Conclusion!
Dropping and stabilizing below 1.0648 activates more declines and helps the sellers to catch a larger drop.
